Budget 2024 breaks spending rules, Central Bank chief Gabriel Makhlouf says

The government’s decision to break its spending rules for a giveaway budget may drive up inflation and risk damaging investment in the country, according to central bank chief Gabriel Makhlouf.

Ireland’s Finance Minister Michael McGrath this week announced a budget of €14 billion including a package of €2.7 billion to help households with the rising cost of living. Speaking in an interview from the IMF’s annual meeting in Morocco, Makhlouf said he would have taken ...