Paschal Donohoe warns of uncertain economic outlook as 'mood-music is changing'

Mr Donohoe warns foreign direct investment cannot be relied upon

Ireland's near-term economic outlook is "clouded in uncertainty", Finance Minister Paschal Donohoe said today, warning the State must now commit to a new fiscal framework. Picture: Brian Lawless/PA Wire

Ireland's near-term economic outlook is "clouded in uncertainty", Finance Minister Paschal Donohoe said today, warning the State must now commit to a new fiscal framework.

Mr Donohoe is addressing today's National Economic Dialogue 2025, which focuses around the theme of medium-term budgetary planning against a rapidly changing global backdrop. The finance minister said Ireland's public finances are in a strong position on a headline basis but vulnerabilities due to reliance on corporation tax, and linked to that income tax, are more apparent than ever.