“The question of how much we put into each fund, what the proportions will be, are still under consideration and I expect that it will be in the context of the budget that I will have an opportunity to lay out a plan for the management of the public finances for the next decade and beyond,” he said.
Separately, he rejected criticism from the State’s own fiscal watchdog that his budgetary strategy lacked credibility, insisting that the Government had laid out its numbers “transparently” in the recent summer economic statement. Mr McGrath said the council had an important voice and the Government listened carefully to its advice. “But ultimately the Government does have a wider mandate to deliver on societal objectives and we’ve always made the point that the spending rule was not rigid and did have to be adapted last year and we believe that an adjustment this year was warranted as well but we are moving back closer towards the 5 per cent,” he said.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: businessposthq - 🏆 8. / 71 Read more »
Source: businessposthq - 🏆 8. / 71 Read more »
Source: businessposthq - 🏆 8. / 71 Read more »