Ireland politics Ireland

Govt debt could end up on 'unsustainable path' - IFAC

Reading now: 527
www.rte.ie

The Irish Fiscal Advisory Council has said the economy is recovering 'swiftly' but government spending plans for the upcoming Budget are "at the limit of what is prudent".

In its pre-Budget Statement, published today, the budgetary watchdog also warns there is a one-in-four risk that government debt could end up on an unsustainable path.

The Fiscal Council welcomes the detail and rules on spending for the upcoming Budget outlined this summer by the Government.

However, it says that plans for considerable extra spending mark what it describes as 'a major policy shift' from what was outlined in the Programme for Government.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA