No Match Found
As Ireland’s tax revenues continue to surge, the Government is under increasing pressure to do more to alleviate the cost of living crisis. With the ESRI forecasting a budget surplus of nearly €10 billion this year, cash flow isn’t an immediate issue. However, significant investment in an economy with persistent inflation and evident capacity constraints could cause the economy to overheat. In signalling a budgetary package of €6.4 billion for Budget 2024, the Government has adopted what it describes as a “sensible budgetary policy that balances investment in our public services and infrastructure with the long-term sustainability of our public finances”. But with a general election in sight, can they balance prudence with popularity?
Budget 2024 needs to be pro-growth while addressing the climate crisis and domestic issues.