Delaying the promised adjustment in the public finances could quickly push up the cost of raising funds for the exchequer on international markets, according to Colm McCarthy, the author of the Bord Snip Nua report.
Rejecting trade union calls to spread the reduction of borrowing over a longer period of years, McCarthy said that the resulting higher debt servicing costs could put further pressure on the exchequer and was unlikely, in any case, to be...
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