The current age of retirement leaves the public finances on an unsustainable footing, according to the State’s budgetary watchdog. File photograph: Getty Images

The current age of retirement leaves the public finances on a vulnerable and unsustainable footing and should be pushed out to reflect increasing leve(...)

The Irish Fiscal Advisory Council  says a surge in State borrowings to deal with the crisis will see national debt rise by next year to between 114 per cent and 160 per cent of the size of the underlying economy.

The Government would have been in a better starting position to deal with the coronavirus shock if it had used unsustainable corporate tax windfalls i(...)

The report comes at a crucial time for government formation talks between Fianna Fáil, Fine Gael and the Green Party. Photographs: Nick Bradshaw/The Irish Times and Gareth Chaney/Collins

Ireland’s incoming government faces having to push through almost €11 billion of spending cuts and tax increases in the coming years to rein in a yawn(...)

Developer Johnny Ronan: ‘Closing down Bewley’s is very sad but they decided to close it, not me.’ Photograph: Bryan O’Brien

There are dire warnings of the need for tax rises and spending cuts to deliver an economic recovery from the State’s budget watchdog. The chair of the(...)

Former chair of the Irish Fiscal Advisory Council Seamus Coffey. Photograph: David Sleator/The Irish Times

A new chairman of the Irish Fiscal Advisory Council will have to be appointed by the next government following the recent decision by UCC economist Se(...)

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(...)

Assistant secretary at the Department of Public Expenditure William Beausang said he wanted “open dialogue” with the council. Photograph: Chris Bellew/Fennell Photography

One of the Department of Public Expenditure’s most senior civil servants said some of the economic analysis carried out by the State’s financial watch(...)

 Prof  John McHale, Chairman of the  Irish Fiscal Advisory Council. Photograph: Dara Mac Dónaill

Ireland is at risk of repeating the budgetary errors of the past, the chairman of the Irish Fiscal Advisory Council has warned. “Politics may again b(...)

Chairman of the Fiscal Council Prof John McHale: told the Oireachtas committee that if forecasts for economic growth turned out to be accurate, then “everything was looking good”, but that it depended on growth. Photograph:  Dara Mac Dónaill

Regulation may be needed to protect variable mortgages holders from being targeted by the banks for additional profits, the chairman of the Fiscal (...)

 Labour TD Kevin Humphreys: concerned that  sensitive information 
– including the actual amount of the agreed budget announcement –
is being passed onto an unelected body while the Oireachtas
, and its Finance Committee,
 is kept in the dark
 about all details of the Budget until it is announced
. Photograph: Davd Sleator/The Irish Times

The Department of Finance’s decision to provide sensitive economic forecasts to the Fiscal Advisory Council weeks in advance of the October Budget (...)

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