Seamus Coffey

87 results

Junior health minister Jim Daly will explain to the health committee that the health service needs the Dáil to vote the extra money for this year’s budget Photograph: Cyril Byrne/The Irish Times

Overspending last year, a shortfall in income this year, increasing legal costs, increased GP costs and the non-achievement of €150 million in savings(...)

  Minister for Finance Paschal Donohoe: adamant that   Government spending will only rise by 4 per cent in 2019. Photograph:  Nick Bradshaw

At the height of the financial crisis in 2009, the State was spending €23 billion more than it was taking in by way of taxes and other income. That am(...)

“Repeated failures to prevent unbudgeted spending increases have left the public finances more exposed to adverse shocks”

Ireland’s budgetary watchdog is clearly losing patience with the Government’s annual party trick of pulling a €1 billion rabbit out of its budgetary h(...)

Seamus Coffey,  chairman of  the Irish Fiscal Advisory Council, said the Government was growing spending at an unsustainable rate and failing to use the upswing to insulate the economy against the next downturn. Photograph: Dara Mac Dónaill

The State’s budgetary watchdog has strongly criticised the Government for “repeatedly” missing its own financial targets and for failing to manage the(...)

UK prime minister Theresa May with DUP leader Arlene Foster, on whom her government depends for survival. Photograph: Clodagh Kilcoyne/Pool/Reuters

“It may go down as one of the greatest and most unnecessary self-inflicted wounds of modern history,” former US secretary of state Hillary Clinton tol(...)

 Former governor of the Central Bank Patrick Honohan: wants the State to set aside windfalls from stronger-than-expected corporate tax receipts. Photograph: Dara Mac Donaill

The State’s main 11 banks and building societies racked up a total of €140 billion in loan losses in the decade since western Europe’s worst property (...)

Britain’s Prime Minister Theresa May during the European Union leaders informal summit in Salzburg. Photograph: Lisi Niesner/Reuters

It looks like it’s checkmate for Chequers after EU leaders roundly rejected Theresa May’s proposals at a key summit in Salzburg this week, reiterating(...)

Deirdre Somers, the Irish Stock Exchange’s recently-departed chief executive, had a €5.75 million pay day last year, driven by a cash windfall and bonuses tied to the group’s sale to Euronext

Deirdre Somers, the Irish Stock Exchange’s recently-departed chief executive, had a ¤5.75 million pay day last year, driven by a cash windfall and bon(...)

Seamus Coffey, chairman of the Irish Fiscal Advisory Council: “We’ve seen a huge swing in our favour.”  Photograph: Dara Mac Dónaill

The Government enjoyed an unexpected €6 billion windfall between 2015 and 2018 courtesy of stronger-than-expected corporation tax receipts and a lower(...)

Taoiseach Leo Varadkar launching Project Ireland 2040; the National Planning Framework and the 10 year National Development Plan.  Photograph: Alan Betson

The Government’s national development plan, known Project Ireland 2040, has been described as “reckless” at a time of near full employment and with co(...)

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