Calling time on the boom
The Department of Finance may have to revise downwards its 5.1 per cent forecast for the rate of economic growth this year In recent years, the pattern has been a predictable one.
The Department of Finance publishes its estimates for economic growth and tax revenues at budget time.
Taxes exceed expectations, the growth forecast is revised upwards, and the minister of the day ‘beats' his budget targets.
This year it may be different.Taxes are, indeed, still ahead of budget, but the Department of Finance, when it publishes its annual economic review and outlook next week, may actually have to revise down its 5.1 per cent forecast...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team