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Fiscal Advisory Council’s McHale says budget looks too expansionary

The chairman of the Irish Fiscal Advisory Council John McHale has said that Budget 2016 looks too expansionary and carries “echoes” of past mistakes.

13th October, 2015

The chairman of the Irish Fiscal Advisory Council John McHale has said that Budget 2016 looks too expansionary and carries “echoes” of past mistakes.

Speaking to RTE Radio McHale said that the budget would have to be carefully reviewed to see if it conforms with budget rules.

He said that spending this year would be €1.7 billion higher than expected but the government should have used unexpected tax revenue, mainly from corporation tax, to...

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