It says government must set out "credible" medium term strategy.
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.
Our latest Fiscal Assessment Report, “Looking beyond Covid-19” is now out. It looks at the medium-term budgetary and macroeconomic implications of Covid-19. You can read it here: https://t.co/jeMd5vLMFa— Irish Fiscal Advisory Council (@fiscalcouncil) May 26, 2021
Sebastian Barnes, Chair of the Irish Fiscal Advisory Council, says the government needs to look past Covid:
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