Budget 2023

Danny McCoy: Budget measures must be tightly targeted at those most in need

The Irish economy has shown remarkable resilience, but its growth rate is slowing and it’s important that the government tackles the inflation and energy crises head on

For businesses right across the economy, from large manufacturing right down to the SME sector, increased energy costs are threatening the viability of those operating on tight margins. Picture: Gorodenkoff

Budget 2023 comes as the Irish economy finds itself at an important turning point. Through largely weathering two years of the Covid pandemic and facing the ongoing implementation of Brexit, the Irish economy has shown remarkable resilience. However, it is once again facing significant pressures.

Shifts in global capital markets and ongoing higher prices of commodities, such as energy imports, are already slowing the recovery momentum that characterised the first half of the year. Leading ...