Budget 2019: Don’t expect the unexpected

Budget 2019: Don’t expect the unexpected

Rather than the major reforms we’ve come to expect at the end of successive decades, the next budget will inch us further along the path of fiscal righteousness

Martin O’Donoghue, a key figure in the formulation of Irish economic policy in the late 1970s, passed away a few weeks ago. His work formed part of an emerging pattern in the budget cycle of this country.

Every ten years or so, we seem to have embarked upon major change and major reform. The end of the 1980s was the era of Ray MacSharry and expenditure cuts. The end of the 1990s was the...

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