John Walsh: Economy is as dependent now on corporate taxes as it was on property taxes prior to 2008

Any budget giveaway will present huge risks to the economy, yet fiscal restraint will be unpopular for the government going into the next election

Paschal Donohoe, Minister for Public Expenditure, stressed the need for fiscal prudence. Picture: Fergal Phillips

The government’s Summer Economic Statement (SES), which is scheduled for release this week, is effectively the starting pistol in months of horse-trading and backroom deals that will culminate in Budget 2024 on the second Tuesday of October.

The SES will provide the broad outline of the budget package, but it will be well into September before it becomes clear how much the government will spend – and, more importantly, what its priorities are.

There is ...