Eddie Casey

8 results

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 (...)

Minister for Finance Paschal Donohoe. The Irish Fiscal Advisory Council has long argued that Government spending should be in line with the long-run growth trajectory of the economy. Photograph: Julien Behal

Stronger tax receipts combined with lower spending on wage supports will result in a smaller-than-expected Government budget deficit of €15.5 billion (...)

The vital factor which has allowed countries to spend, without worrying about immediate problems on the markets, is rock bottom interest rates combined with massive Central Bank support. Photograph: iStock

Interest rates at, or below, zero and massive monetary expansion by central banks is helping the Republic and other countries to meet the cost of the (...)

 Ifac warned  the hit to the economy in Ireland could be significantly bigger than the Covid-19 shock

A disorderly Brexit could knock up to 6 percentage points off Irish economic growth in the long term, equating to €21 billion in cash terms, the Irish(...)

“Government spending on State pensions, public service pensions, health, and long-term care will increase in real terms as the population ages.”  Photograph: Getty Images

The Republic’s rapidly ageing population is likely to cost the exchequer an additional €850 million a year from 2021 onwards, the Irish Fiscal Advisor(...)

Minister for Finance Paschal Donohoe delivers Budget 2020 in the Dáil. Photograph: Alan Betson

Minister for Finance Paschal Donohoe will probably never frame a budget against a more uncertain backdrop. Covid-19 has caused an economic shock three(...)

The Department of Finance accused the Irish Fiscal Advisory Council of misrepresenting the main findings of a report on Ireland’s corporation tax take.

The Department of Finance accused the Irish Fiscal Advisory Council (Ifac) of misrepresenting the main findings of a paper on Ireland’s corporation ta(...)

Irish Fiscal Advisory Council chairman Séamus Coffey. File photograph: Dara Mac Dónaill

Ireland has not given itself sufficient breathing space to absorb the potential financial shock of a hard Brexit, the State’s fiscal watchdog has warn(...)