IFAC urges 'substantial' five-year stimulus plan

Ifac wants the Government to enhance the rainy-day fund and clearly set out its spending and taxation plans for the next five years.

Next month’s budget announcement should be packaged as a five-year fiscal roadmap for the country and include a “sizeable” multi-year stimulus package to support economic recovery, budgetary watchdog the Irish Fiscal Advisory Council (Ifac) has said.

As part of its pre-budget statement, IFAC has also urged the Government to include contingency measures in case of a no-deal Brexit and/or a further deterioration in economic conditions due to the Covid-19 pandemic.