Michael McGrath: Tax increases are on the cards

Minister for Public Expenditure and Reform Michael McGrath. Photo: Julien Behal/PA Wire

Tax increases are on the cards, the Minister for Public Expenditure has warned.

Michael McGrath has said some adjustments to taxes will be needed after the Irish Fiscal Advisory Council (IFAC) raised concerns around up to €8.5bn in increased permanent spending which was announced in Budget 2021.