TDs to be warned debt levels mean Ireland is very exposed to the next crash

“Dramatic cuts” will be needed to Government spending if it continues to spiral, while high debt levels mean the country is very exposed to the next crash, TDs will be warned today.

The stark assessment from two of the country’s top economists comes as Finance Minister Paschal Donohoe will seek to re-establish his control of the public finances by publishing two budget options, one in the case of a Brexit deal before October 31 and one in the case of a no-deal Brexit.