Goodbody: No austerity measures needed in October budget

Goodbody Stockbrokers have said that no further austerity measures will be required in the October budget for the Government to reach its deficit target of under 3 per cent of GDP.

20th August, 2014
Goodbody said average GDP growth will be above 3% over the next three years

Goodbody Stockbrokers have said that no further austerity measures will be required in the October budget for the Government to reach its deficit target of under 3 per cent of GDP.

Goodbody said that water charges will bring about €500 million to the state’s coffers, leaving the Government with room to bring in measures to improve medium-term growth and reduce the income tax burden.

In the quarterly economic forecast, Goodbody also said that Ireland’s...

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