IFAC | Business Post

Increasing PSRI to a “steady state” of 18.5% will reduce pensions burden for future taxpayers - Ifac

The state’s budgetary watchdog estimates that switching to a partially-funded model for the pension system could result in the build-up of a massive fund well in excess of €100 billion

Hey big spenders: political disquiet at large department spending without Dáil scrutiny

The state is spending a record €91 billion this year, but who is following the money?

Budget deficit would be €5bn without corporate tax receipts, fiscal watchdog warns

Fiscal Advisory Council tells the Oireachtas committee on budgetary oversight that government must avoid ‘stoking inflation further’ in budget

Donohoe to look again at corporation tax risks ahead of Budget 2023

The Minister for Finance has asked his department to analyse the national reliance on such revenue, and says will no longer be using it to cover permanent spending

Ifac: Workers may have to pay average of €2,150 more in taxes to preserve pension age

Keeping the state pension age at 66 years will have a big impact on future workers, according to the Irish Fiscal Advisory Council, who say the typical earner will have to pay an annual PRSI increase of €1,800 and a tax increase of €350

Brian Keegan: Why is Ifac calling for a rainy day fund as the skies begin to clear?

Many other developed countries would give their right arm to be in the solid economic position we are in. Yet we seem afraid to spend that largesse on causes that desperately need it

Aidan Regan: Ireland needs to stop relying on phantom corporate taxes

Last week’s Ifac report was optimistic about Ireland’s fiscal future, but rightly pointed out the danger of relying too much on the volatile global accounting strategies of multinationals

Tax increases or spending cuts could be ahead, budgetary watchdog warns

Policymakers face ‘delicate balance’ of managing inflation, protecting poorer households and delivering on longer-term policies

Susan O’Keeffe: IFAC’s analysis deserve to be discussed by civil servants and advisors in a public way

Any rejection of the Council’s advice must be grounded in solid argument

Donohoe: long-term spending commitments need to match sustainable revenues

The Minister for Finance sought to counter concerns raised by the Fiscal Advisory Council on the €5.4 billion rise in core expenditure

Varadkar to push for income tax cuts despite Fianna Fáil concerns

The programme for government commits the government to examine increasing tax bands and credits in the October budget, but the Fiscal Advisory Council has warned of potential €2 billion cost

Lucinda Creighton: The government seems to think cheap money is here to stay

The planning behind our ’outdoor summer’ mantra was sorely lacking, and so too it seems is the economic planning behind our post-pandemic recovery

Watchdog: ‘It’s very unclear what’s happened to this money’

In a damning report, the Irish Fiscal Advisory Council has labelled the government’s economic plans as “not realistic”. Is it likely to prompt a change in direction?

Government is warned it will have to cut spending or raise taxes

Public finances will be ‘very tight’ over the coming years due to changes made in the last budget, according to fiscal watchdog

How to manage: Decentralisation has finally arrived via working from home

A necessity has become a movement as more firms realise they can retain top people by giving them the chance to live and work wherever they feel at home

How I make it work: ‘There is no substitute for putting in the effort and the elbow grease’

If you want to make it in any profession, you have to be willing to put in the work – and that starts before you even get the job, according to Ifac’s David Leydon

New term changes at IFAC prompt credibility concerns

Due to shortage of experts, the government has changed the law to allow IFAC members to serve for up to 12 years