News

Irish Economy Still Growing Rapidly

Share this article


The Irish economy is still growing rapidly and looks set to continue at a rapid pace.

However the latest pre-budget advice from the Irish Fiscal Advisory Council says the Government should stick to it's existing plans for the budget, and fund any extra spending through tax increases.

Brexit still lies ahead, and while efforts to stabilise the public finances have been successful - our debt burden is still among the highest in the OECD.

So the Irish Fiscal Advisory Council is recommending the Government stick to its budget-day package of €0.8 billion.

It says the cost of previously announced sharp increases in public investment - means scope for new spending is limited, and any extras should be funded by tax increases.

The council says the risks of overheating means any unexpected increase in revenue should be used to build buffers - either through additional contributions to the Rainy Day Fund or faster debt reduction.


Share this article


Read more about

News

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Up next

Muireann O'Connell

Muireann O'Connell

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

Lost in Music with Louise Duff...

Lost in Music with Louise Duffy

7 PM-9 PM

Share

The Paul McLoone Show

The Paul McLoone Show

9 PM-12 AM

Share

Overnight

Overnight

12 AM-5 AM

Share

Early Breakfast with Pamela Jo...

Early Breakfast with Pamela Joyce

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

00:00:00 / 00:00:00

Share on