Stay updated with breaking news from Stability Programme. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last Tuesday, the Department of Finance published the Stability Programme update, an economic document required under EU law. While the document provides commentary on many aspects of the Irish economic outlook for the coming years, one of the key takeaways was that corporation tax receipts continue to outperform all expectations and have contributed significantly to an expected budget surplus of €10bn this year.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/DG2HQLZSM3MC5HKELXKZB6USKU.jpg)
Instead of reaping rewards from its EU divorce, the government is busy putting out fires related to leaving the bloc
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/IUD6PEMRIFB5HBCZVDOWHMOU74.jpg)
Government didn’t expect the surge in corporation tax in the first place, so they are probably wise not to assume it will continue.
High prices as a result of the cost-of-living crisis are likely to be 'permanent', Taoiseach Leo Varadkar has warned.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/QAEZDFKW42UUGNRFJLZQMIRSAE.jpg)
New estimate contained in Government’s latest Stability Programme Update comes despite warnings and OECD-led reforms