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Friday 2 June 2023 Dublin: 13°C

# Irish Fiscal Advisory Council

Yesterday
1st June 2023
# Corporation Tax
IFAC: One-third of corporation tax income from past five years came from just three companies
That’s according to a new report by the Irish Fiscal Advisory Council.
This year
2023
# state pension
Fiscal Council: Working baby boomers should contribute more to fund State pensions
The IFAC has warned the funding of the State pension will come under increasing pressure in the coming decade.
Last year
2022
# Plan Ahead
Fiscal Council warns Government to plan ahead for 'sizeable budgetary challenges'
Official forecasts currently only cover a three year horizon and the Fiscal Council has warned the Government ‘to start planning ahead’.
The Irish Fiscal Advisory Council has warned that 'sizeable budgetary challenges' are not being 'recognised sufficiently.
The report notes the climate transition, the pension age and a perceived reliance on corporation tax as some of the challenges.
It says the budget 'struck an appropriate balance between protecting vulnerable households and avoiding inflation'.
All time
# Fiscal Advisory Council
Government's 'risky' budget strategy could put debt on 'unsustainable path', watchdog warns
The Fiscal Advisory Council said there are “clear needs” to tackle housing, health and climate shortfalls.
# Morning Memo
Ireland's budgetary watchdog barks over 'large, permanent increases' in government spending
Details about the cost of reforms like Sláintecare are thin on the ground beyond 2021, IFAC says.
# warning
Fiscal watchdog criticises 'surprisingly large' public spending by government unrelated to Covid-19
The IFAC warned that new levels of spending will remain after the pandemic.
# IFAC
Using 'volatile' corporate tax receipts to plug spending overruns may be unsustainable, watchdog warns
As much as €6 billion in corporate tax receipts is “excess” and unexplained, the Irish Fiscal Advisory Council has said.
# prudency
Government must 'wean itself off' bloated €10.4bn corporation tax receipts, says budget watchdog
The Irish Fiscal Advisory Council says corporation tax levels could be €6 billion above conventional levels.
# Irish Fiscal Advisory Council
Government 'repeating past mistakes' and leaving Irish finances exposed, budget watchdog warns
The Irish Fiscal Advisory Council has warned that an economic slowdown is inevitable in coming years.
# let's get fiscal
Fiscal Council says Ireland is still vulnerable and warns against extra Budget spending
The council said any additional initiatives should be funded by tax increases or a re-allocation of spending.
# Economy
Fiscal watchdog warns of "loss of momentum" of economic growth
A new report said increased spending would have to be offset by raising taxes.
# On the up
It looks like the Irish economy is now taking off like a rocket
Just as Michael Noonan said it could three years ago.
# Budget 15
Why the spending watchdog wasn't impressed with Budget 2015
The Fiscal Advisory Council says that the government could have moved the country to a “zone of safety” in the last budget.
# Boom and Bust
Government advisors warn Noonan: We need another tough Budget
The Finance Minister has said we can expect a largely neutral Budget. He’s being told it should be ‘prudent’ and ‘disciplined’.
# Counting the days
There are just 66 days until the next Budget so let's talk about how much we should cut
€2 billion, €1 billion or should we aim for a neutral budget. Let’s start the debate…
Voices
Opinion: Enda — don’t blow the recovery on a PR stunt
Giving tax cuts in the upcoming budget would be popular, but it’s not the right thing to do.
# Fiscal Advisory Council
Government budget advisors: No room for tax cuts until after 2016
The Irish Fiscal Advisory Council is before the Oireachtas Finance Committee today.
# credit line
Decision on credit line will make it ‘more difficult’ to access future supports
A report published by the Irish Fiscal Advisory Council today has warned that the changes in Budget 2014 have removed our “margin of safety”.
# Fiscal Advisory Council
Charts: Here's how the government's liabilities have increased to €208bn in five years
The government’s liabilities last year were a whopping €208 billion.
# Budget 2014
Fiscal council finds 'wiggle room' on Budget targets - but wants full cuts
The Fiscal Advisory Council recommends sticking to plans for another €5.1bn in cuts over two years – even though we’re on course to be well ahead of the EU’s deficit targets.
# Debt
Ireland still has 39% chance of defaulting, says Government's budget adviser
Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.
# Debt Brake
Government publishes first draft of 'fiscal responsibility' laws
The proposed ‘debt brake’ bill will ensure that the government cannot pass Budgets if they project a deficit of a certain size.
# Mini-Budget
Minister to reveal on Monday whether mini-Budget is needed
The next Stability Programme Update is due out next Monday – but Michael Noonan remains insistent that we’ll meet our targets.
# Mini-Budget
Budget body says Ireland could need €400m mini-budget
The Irish Fiscal Advisory Council says the Budget’s projections for economic growth may have been too ambitious.
# Budget 2012
€4 billion ‘should be cut in Budget 2012′
The Irish Fiscal Advisory Council says the government needs to cut €4 billion from its spending if the state is expected to meet its 2015 deficit target.