Last week and this week we heard the latest round of bad news concerning the economy. At 3 o'clock today when the Estimates are published I suppose we will hear even more bad news. Yet another month has gone by when Government predictions on tax receipts have gone spectacularly wrong. While this situation has to be addressed in the upcoming budget, the problems that exist in the Irish economy are more long term. Corrective action has to be taken by the Minister for Finance to get spending under control and to boost tax yields from various sources.