ESRI cautions, there are now 'parallels'' with the financial crash in the late 2000s.
Politicians, government and opposition, are not listening to warnings about the danger of overheating the economy with its planned €9.4 billion spending increase in the Budget next month.
The statement from a leading economist comes as the ESRI cautions there are now 'parallels'' with the financial crash in the late 2000s.
The think-tank says tax takes are reliant on windfalls from multinationals, much like they were on stamp duty during the housing boom.
Economist John Fitzgerald, says while the situation is not as dire now, if government spending continues then it will directly impact people.
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