The budget and the Estimates are very damaging. They will contract the economy, increase costs and make us less competitive. They will also jeopardise benchmarking and make a new national partnership agreement, crucial to the well-being of the economy, almost impossible to achieve. The Fianna Fáil Party slogan during the general election campaign read, "A lot done, more to do". The verdict is that a lot of damage has been done and there is a lot more damage to do.