Inflation this year will average between 4% and 5%, McGrath to tell Cabinet

MINISTER FOR FINANCE Michael McGrath is expected to tell Government that inflation this year will average between 4% and 5%, down from the current rate of 7%.

The economic projections, which have been approved by the Fiscal Advisory Council, will include an estimate of expected inflation for this year and subsequent years. Considerable attention is likely to focus on the projected corporation tax take, which is currently at record levels and has performed strongly in the first quarter of the year.

McGrath has said he will bring forward proposals for a longer-term fund for windfall corporation tax receipts.A budget surplus for 2023 was forecast at €6 billion in the Budget, but this is expected to increase given the stronger than expected tax receipts.

Meanwhile the ECB continue punishing mortgage holders to enrich bankers and their shareholders

Oh look an optimistic budget when opinion polls are low. They've a surplus because they're robbing the public of services. Robbing the nurses. Robbing the teachers. Robbing the renters and first time buyers. Its not a surplus - it's pocket lining.

And yet Childcare providers operating the ECCE scheme are trying to make ends meet on 2012 prices.

Considering Inflation is still at least 20% and staying at that level, this is pie in the sky stuff and businesses and fleecing customers for larger profits, we all know that.

More lies from this Axis of incompetence. Electionnow

And the lies of government will continue, as will RIPOffIreland that's how HowIrelandWorks under this useless and corrupt government.

They would piss on you and tell you it's raining. General election. NOW!

On top of double digit increases that most of us got zilch pay increases for last year!

Food inflation running at 3 to 4 times that

Does that mean bread won't rise in price and diesel will fall in price probably not

No drop in prices though.

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