Government rejects accusation it is returning to Celtic Tiger-era levels of spending

The government has rejected criticism from its own budgetary watchdog that it has lost fiscal credibility and is returning to Celtic Tiger-era spending.

Michael McGrath, the Minister for Finance, said the government’s plans to increase overall spending by €10.4 billion at this October’s budget was “warranted” despite widespread criticism from economists and fiscal policymakers that it is likely to make inflation worse. It comes after the Irish Fiscal Advisory Council issued a deeply critical response to the government’s budget plans, which will see it break its own rule not to increase spending by more than 5 per cent a year for the third consecutive budget.

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Government rejects accusation it is returning to Celtic Tiger-era levels of spendingMichael McGrath, the Minister for Finance, said the government’s decision to breach its own 5 per cent spending rule for the third year in a row was “warranted”
Source: businessposthq - 🏆 8. / 71 Read more »

Government rejects accusation it is returning to Celtic Tiger-era levels of spendingMichael McGrath, the Minister for Finance, said the government's decision to breach its own 5 per cent spending rule for the third year in a row was “warranted”
Source: businessposthq - 🏆 8. / 71 Read more »