It adds that budgetary forecasts are poorly founded
Ireland's economy is likely to bounce back after the pandemic, but the government needs to set out a credible medium term strategy.
That's according to the government's budget watchdog, which says our budgetary forecasts are poorly founded, while major policy commitments aren't built in.
Three initiatives would help better anchor future budgets: credible debt targets, saving unexpected corporation tax receipts in the Rainy Day Fund, and setting spending limits based on realistic forecasts. pic.twitter.com/rSf7c2gXr7
— Irish Fiscal Advisory Council (@fiscalcouncil) May 26, 2021
John Fitzgerald is an Honorary Fellow of Trinity College, Dublin and a Research Affiliate at the ESRI.
He joined Clem Ryan on Thursday's edition of Kildare Today.
The Government failed to publish a credible medium-term strategy as promised. This is both essential and long overdue. The absence of realistic plans and any fiscal targets leaves the public finances without an anchor and increases risks in the face of fiscal pressures. pic.twitter.com/WHfnYYip0H
— Irish Fiscal Advisory Council (@fiscalcouncil) May 26, 2021
Twelve Kildare Primary Schools Awarded For Curious Learning
Claims That Planning Permissions Notices Are Being Placed In "Precarious" Areas In Maynooth
Survey Of Parents In Kildare Reveals 64% On Childcare Waiting List
Investigations Continue Into The Disappearances And Murders Of Jo Jo Dullard And Deirdre Jacob
Daughter Of Horse Owner Reveals Shergar Killed Two Days After Abduction From Kildare
Kfm Obituary Notices
New Appeals System For Asylum Seekers Comes Into Effect
Bord Bia Review Published In Light Of Controversy Surrounding Brazilian Beef Importation
