Page 8 - Stability Programme Update News Today

Lower income, rural and older households are most vulnerable, it says

Russia’s war in Ukraine could cause big economic problems, one of which is recession

Donohoe warns worsening economic outlook likely to result in budget deficit this year

Minister says first indication of how economy is being impacted by war will be in March exchequer returns

Despite the strong growth, Minster for Finance Paschal Donohoe warned that the current unstable geopolitical situation could have a negative impact on the Irish…

Stephen Kinsella says youth likely to experience higher rates of joblessness even as economy rebounds

Financial forecasts fall short of actual spend, and fiscal policy undermined by short-termism

The Fiscal Advisory Council is critical of the Government’s budgetary plans, saying in particular that its medium-term forecasts for the public finances are not credible

SHARE Ireland is facing pressure from the European Commission over its low tax regime as the country looks to secure a slice of the EU’s recovery fund to help its economy bounce back from the Covid-19 pandemic. Irelands corporate tax rate is among the lowest in the world at 12.5 per cent, attracting criticism from the European Union for not only taking profits away from other nations but also relying heavily on big tech firms such as Apple and Alphabet’s Google - which have set up operation...

Minister Donohoe submits Stability Programme Update 2021 to EU Council & Commission   GDP is forecast to expand by 4½ per cent this year and 5 per cent next year. Modified Domestic Demand (MDD), a more useful indicator of domestic economic conditions, is projected to grow by 2½ per cent this year and 7½ per cent next year. The labour market has borne the brunt of the pandemic with the unemployment rate projected to average 16¼ per cent this year and 8¼ per cent next year. ...