Sunday July 12, 2020

Budget 2020 spending plans too high, warns watchdog

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

Ian Guider

Markets Editor

@ianguider
28th November, 2019
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...

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