Budget 2020 spending plans too high, warns watchdog

Irish Fiscal Advisory Council criticises reliance on corporation tax and failure to pay down national debt

28th November, 2019
Budget 2020 spending plans too high, warns watchdog
Paschal Donohoe was praised for basing the budget on a no-deal Brexit scenario but his spending plans were criticised. Picture: Sam Boal/RollingNews.ie

The state’s economic watchdog has strongly criticised last month’s budget, claiming that the government is too reliant on corporation taxes and is failing to control spending.

In its assessment of Budget 2020, the Irish Fiscal Advisory Council (IFAC) today said the government had allowed expenditure to rise above the rate of increase in overall tax revenues.

It warned that much of the overspending in departments such as health had been funded by...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Pat Rabbitte: Has Europe learned its lesson from the last crash?

Economics Pat Rabbitte 1 week ago

Brian Keegan: Latest Brexit row shows that changing borders has a price

Economics Brian Keegan 3 weeks ago

Aidan Regan: The great known unknowns of our corporate tax receipts

Economics Aidan Regan 3 weeks ago

Comment: Why investment agreements like Ceta are worth pursuing for the EU

Economics Niall Moran 3 weeks ago