IMF warns Ireland not to cut Universal Social Charge

The International Monetary Fund has warned that Ireland must maintain fiscal discipline.

IMF warns Ireland not to cut Universal Social Charge

The International Monetary Fund has warned that Ireland must maintain fiscal discipline.

It has finished its fourth post program monitoring following Ireland's exit from the EU/IMF Bailout programme in December 2013.

The group said that the Irish economy continues to progress at a strong pace, however, challenges still remain.

It is warning against cuts and changes to the Universal Social Charge, being proposed by Fine Gael, Labour, Fianna Fáil and Sinn Féin ahead of the General Election.

It also said that measures to boost housing supply are welcome in order to stimulate construction activity.

However, the IMF warns that administrative measures on rents could reduce the return on investment properties and lead to less construction.

More in this section

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up