Donohoe dampens down on talk of giveaway budget, saying Government will be 'careful'

Public Expenditure Minister Paschal Donohoe said the Government needed to be cautious regarding the surplus due to the nature of corporate tax receipts, which may be reduced in the years ahead. Picture: Leah Farrell / RollingNews.ie

Public Expenditure Minister Paschal Donohoe has said he believes the Government should be cautious in the upcoming budget, after warnings from the Central Bank against a giveaway budget this October.

A report from the Central Bank cautioned against a giveaway budget this October, saying there may be a requirement for tax increases and that the Government should stay within the 5% spending limit.