Budget 2023
Government could cushion impact of inflation if public sector pay deal agreed - IFAC
Irish Fiscal Advisory Council warns government faces a difficult balancing act between impact on businesses and households of soaring prices while not exacerbating inflation and driving prices higher
Finalising a deal to give public sector workers a 6.5 per cent pay rise would cost €1.3 billion but leave the government with additional room to cushion the impact of inflation for other citizens, the country’s budget watchdog has said.
In its pre-budget statement, the Irish Fiscal Advisory Council (IFAC) warned that the government faced a difficult balancing act between cushioning the impact on businesses and households of soaring prices while also not exacerbating inflation ...