Tánaiste Joan Burton has said no-one wants to return to economic cycles of “bubble and boom and bust”. Speaking in Dublin today after an Irish Fiscal Advisory Council report urged the Coalition to proceed with another tough budget next month.  Photograph: Alan Betson/The Irish Times.

Tánaiste Joan Burton has said no-one wants to return to economic cycles of “bubble and boom and bust”. Speaking in Dublin today after an Irish Fiscal (...)

Minister for Finance Michael Noonan at Government Buildings in Dubolin before he introduced last year’s budget. The Irish Fiscal Advisory Council believes the safest course in the upcoming budget is to implement the final instalment of the fiscal consolidation plan agreed with the troika in 2011, and then follow the less demanding requirements of the National Budgetary Rule. Photograph: Dara Mac Dónaill

In recent decades Irish governments have shown an unfortunate tendency to relax fiscal discipline in better economic times. Various interests h(...)

Minister for Public Expenditure Brendan Howlin and Minister for Finance Michael Noonan present the budget last year: Ireland’s consistent outperformance of budgetary targets has been  rewarded by the financial markets. Photograph: Bryan O’Brien

During the last decade policymakers in Ireland were far too optimistic: the boom was expected to continue forever and hubris set in. Since 2008 we hav(...)

Midway through the financial year many of Ireland’s key economic indicators have turned positive. The economy has expanded strongly in the first three(...)

Peter Mathews:  he is not  a member of  the  banking inquiry but  he believes himself to be something of an authority on financial matters.   Photograph: Dara Mac Dónaill/The Irish Times

We are not going to adjust our adjustments just yet because it’s just too early to be doing any adjusting. We have to do a proper reading of the natio(...)

Catherine Murphy (Ind): “With the national debt figure standing at €203 billion, it is the understatement of the century to say it is alarmingly high.”

Taoiseach Enda Kenny has said it is too early to say if tax and spending adjustments of €2 billion will be required in October’s budget to meet Gover(...)

Taoiseach: “by balancing the books by 2018…we no longer have to borrow to fund the day-to-day services provided by the State.”

Taoiseach Enda Kenny has said it is too early to say what tax and spending adjustments will be required in next October’s budget to meet Government ta(...)

The Irish Fiscal Advisory Council (IFAC) has strongly advised the Government to resist the temptation to make tax and spending adjustments of less tha(...)

Minister for Public Expenditure and Reform Brendan Howlin  said the Government had some “leeway” with regard to tax cuts in the budget but caution still needed to prevail.

The Minister for Public Expenditure and Reform Brendan Howlin insisted this morning the Government would make decisions that would encourage economic (...)

“In a repeat of last year’s choreography, IFAC has again warned the Government against rowing back on the proposed €2 billion adjustment in October’s budget. And like last year, Minister for Finance Michael Noonan is almost certain to ignore the advice.” Photograph: Niall Carson/PA Wire

The full extent of Ireland’s painful austerity project was laid bare yesterday by the Irish Fiscal Advisory Council (IFAC). In its latest fiscal asses(...)