Plans to cut tax may boost growth, says troika

Government plans for tax cuts and additional expenditure could increase growth this year, the troika says in its review of the country’s economy.

However the troika continues to have reservations over the Government’s refusal to put more money into bringing down the country’s budget deficit faster.

They also warn that the Government changes to Irish Water charges means it could have problems raising funds for needed investment and increase the budget deficit by €85m this year.