Tuesday September 22, 2020

IBEC: Government is relying too much on tax cuts

The scale of the necessary budgetary adjustment planned by the Government is about right but an excessive reliance on tax increases will undermine future growth, said IBEC.

4th November, 2011

The scale of the necessary budgetary adjustment planned by the Government is about right but an excessive reliance on tax increases will undermine future growth, said business representative group IBEC.

It was reacting to the announcement by the Government this afternoon of its [medium-term fiscal statement](http://live.thepost.ie/#!article/19410615-5218-4eb4-07d4-5eeb87340630), which says spending cuts and income tax increases of €3.8 billion, €200 million more than previously anticipated, are required in the upcoming Budget. The fiscal statement says that the...

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