Seamus Coffey: Choices have to be made on budget day

We should use current favourable circumstances to prepare for future economic risks

The recent surge in corporation tax from foreign companies corresponds to €1,500 for every household in the country. Photograph: Getty Images

The recent surge in corporation tax from foreign companies corresponds to €1,500 for every household in the country. Photograph: Getty Images

Next year should see Ireland have a balanced government budget for the first time in a decade. The huge deficit between government income and spending that opened in 2008 has been successively and successfully reduced but some risks remain, not least of which is the €200 billion debt that running such deficits contributed to.

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