Stick to spending rules, says budget watchdog

Fiscal council warns that high debt level still leaves economy vulnerable

5th September, 2017
Budget advice for the Department of Finance. Pic: RollingNews.ie

The state’s budgetary watchdog has told the Government that there is no need for any additional stimulus for the Irish economy in Budget 2018, and has warned against using any unexpected tax gains for measures which would impose permanent costs.

In its pre-budget statement, the Irish Fiscal Advisory Council (IFAC) says there is scope for around €500m of new tax cuts or spending increases in Budget 2018.

At the time of the Summer Economic...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Comment: Tourism can take off due to relaxation of US travel ban

Anton Savage: Michael D can point the way forward on the North

Willie O’Reilly: Board appointment put Bass in difficult position

Media Willie O'Reilly 2 days ago

Biden administration continues hardline approach to asylum seekers

World Marion McKeone 2 days ago