Ireland's Fiscal Advisory Council warns against loose budgetary policy to prevent economic overheating and price pressures.
Ireland's fiscal watchdog warns against loose budgetary policy, urging the government to show restraint to prevent the economy from overheating and avoid adding to price pressures. The Irish Fiscal Advisory Council (IFAC) highlights potential risks from repeated breaches of the government's own spending rules, overruns in health spending, and highly concentrated tax receipts. The council warns that current policy is not appropriate for prudent economic and budgetary management, especially considering the strong economy and tight job market.
June 05, 2024
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