Minster Donohoe to resist spending €3.2bn

The Government looks set to resist mounting political pressures to spend the full €3.2bn available to it in October’s budget.

Finance Minister Paschal Donohoe is likely to implement measures in a bid to avoid the economy overheating.

Today, the Cabinet is set to agree a summer economic statement (SES) which will outline the deficit the Government’s plans to target next year and the budgetary package that will accommodate reaching that target.