Budget giveaway ‘would break rules’

The Coalition has been put on notice by fiscal watchdog the Irish Fiscal Advisory Council that its plans for a pre-election giveaway budget in October will break the EU’s strict debt-reduction rules.

Budget giveaway ‘would break rules’

The severe reprimand comes as analysts said that exchequer receipts published yesterday showing buoyant tax revenues for May mean that the Coalition is on course to collect a huge bounty of up to €2.5bn for giveaways in its October budget ahead of the election.

The Department of Finance laid out plans in April for an expansionary budget of €1.2bn, split evenly between tax cuts and spending increases.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited