All the updated news related to fiscal advisory council

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Younger workers in Waterford face €2,500 extra in tax to keep retirement age at 66

Younger workers in Waterford and across Ireland face paying an extra €2,500 a year in taxes so that older people can retire at 66, according to the Irish Fiscal Advisory Council. The council said people now in their 20s, 30s and 40s will foot the ...

31 Aug 2022 at 17:53

National News

Budget ‘repeats past mistakes of pumping billions into the economy’ – watchdog

The Budget “repeats Ireland’s past mistakes of pumping billions into the economy” when it is at full employment, the Irish Fiscal Advisory Council (Ifac) has said. The watchdog said the “very large” Budget package will add pressures and widen ...

01 Oct 2024 at 20:13

National News

Fiscal watchdog warns Government against ‘loose budgetary policy’

The Government needs to show restraint in the Budget to keep the economy and public finances on track, its fiscal watchdog has warned. The Fiscal Advisory Council has raised particular concerns over repeated breaches of the Government’s own ...

05 Jun 2024 at 01:00

National News

Finance minister defends spending plans following watchdog’s warning

Finance minister Jack Chambers has defended the Government’s plans to spend eight billion in October’s budget following a warning from the Budget watchdog. Ireland’s next Budget will be worth 8.3 billion euro, with 6.9 billion for spending ...

04 Sept 2024 at 18:47

National News

Government spending boosted prices by 2% in four years – watchdog

Ireland’s budget watchdog has warned that additional government spending will have boosted consumer prices by 2% cumulatively by the end of next year. The Irish Fiscal Advisory Council (IFAC) said that the result of the government ...

04 Sept 2024 at 00:01

National News

Tax windfalls offer opportunity to deal with future pension costs, says watchdog

Multi-billion euro windfalls from excess corporation tax offer Ireland a “huge opportunity” to deal with surging pension costs for future generations, a fiscal watchdog has said. The Irish Fiscal Advisory Council has highlighted ...

22 Jun 2023 at 13:01

National News

Ireland ‘lagging’ behind other countries on infrastructure, watchdog says

Ireland “lags” behind other countries on health, housing, transport and electricity, the State’s economic watchdog has warned. The Irish Fiscal Advisory Council said the Government needs to ensure that there are enough ...

20 Feb 2025 at 00:01

National News

Taoiseach rebuts watchdog criticism of plan to breach 5% spending rule

The Taoiseach has defended the Government’s approach to the budget following a critical assessment by a fiscal watchdog. The Irish Fiscal Advisory Council (IFAC) has warned ministers not to “repeat past mistakes” as ...

06 Sept 2023 at 11:17

National News

Digital and pharma companies supporting dampened Irish economy – watchdog

Ireland’s fiscal watchdog has said that the “relative” strength of digital and pharmaceutical companies will support the dampened Irish economy, despite inflation. Spending could also be supported by “exceptional” ...

23 Nov 2022 at 01:01

National News

Irish government ‘conscious of advice to watch inflation’ – Tanaiste

Public finances are strong and the government is conscious of advice to watch inflation, the Tanaiste has said. Micheal Martin was speaking after the Irish Fiscal Advisory Council said the Government must plan to ...

07 Jun 2023 at 19:31

National News

Irish economy recovering but experts warn of new challenges

Ireland’s economy is recovering as inflation eases but other key challenges including capacity constraints have emerged, according to the Irish Fiscal Advisory Council’s assessment of the Government’s Stability ...

07 Jun 2023 at 01:00

National News

Younger workers face €2,500 extra in tax to keep retirement age at 66

Younger workers face paying an extra €2,500 a year in taxes so that older people can retire at 66, according to the Irish Fiscal Advisory Council. The council said people now in their 20s, 30s and 40s will ...

31 Aug 2022 at 11:37

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