Paschal Donohoe 'acknowledges risk' of his fiscal policy but rejects Fiscal Council criticism

Minister for Finance Paschal Donohoe has defended his fiscal policies and rejected criticism by the Irish Fiscal Advisory Council (IFAC) which said in a report that the Government’s medium-term projections for the public finances are “not credible”.

The Irish Fiscal Advisory Council said the projections – laid out in the Stability Programme Update 2019 – show Exchequer surpluses increasing each year based on expenditure forecasts that were not probable.