Cliff Taylor: Are Ireland’s public finances heading for trouble?

Smart Money : Most experts are now telling Government that caution is needed in its budget plans

Tánaiste Leo Varadkar and Minister for Finance Paschal Donohoe. The Governement will find it difficult to take money away from taxpayers. Photograph: Dara Mac Donaill / The Irish Times

Tánaiste Leo Varadkar and Minister for Finance Paschal Donohoe. The Governement will find it difficult to take money away from taxpayers. Photograph: Dara Mac Donaill / The Irish Times

The Government is not short of advice or warnings on the public finances. The Irish Fiscal Advisory Council (Ifac) cautioned this week that the plans for Budget 2022 outlined by the Government were “at the limit of what is prudent” and that tough choices lay ahead.

It said there was a one in four chance of the national debt moving on to an unsustainable trajectory in the years ahead.

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