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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. Ireland's 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 operations there - for jobs and investment. Read More Now the Commission wants Ireland to increase taxes in ...

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. The level of employment is projected to increase by around 80,000 this year and 225,000 jobs next ye...