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!


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

Dan O’Brien: Merkel’s successor may face existential challenges to the EU

Minimum wage to be increased, Varadkar says

State won’t shy away from ‘difficult’ budget decisions, Donohoe says

State’s spending plans could leave debt ratio at unsafe levels, Oireachtas told