Budget 2024

Government and Ifac spar over how to spend projected windfall tax receipts

The state’s budgetary watchdog has criticised the government’s plans for the €65 billion in budget surpluses expected over the next three years

Michael McGrath, Pascal Donohoe and Leo Varadkar. Picture: Gareth Chaney/ Collins Photos

Signs of the increasingly fraught relationship between the state’s budgetary watchdog and those it keeps tabs on were evident halfway around the world and at the highest levels of government last week.

“I do respect their advice, but I don’t agree with it on this occasion,” Taoiseach Leo Varadkar said of the Irish Fiscal Advisory Council (Ifac) on the outskirts of the first cabinet meeting of the new term in Wicklow.

In Jerusalem, Micheál Martin, ...