Irish budget beyond limit of prudent policy, watchdog says



Ireland's 2017 budget goes beyond the limit of prudent policy, the country's fiscal watchdog said on Wednesday after the government announced a 1.3 billion euro (1.19 billion pounds) package of spending increases and tax cuts.
The measures appear to break European Union budgetary rules, but not by a significant enough margin to justify fines, the head of Ireland's Fiscal Advisory Council John McHale said.
Finance Minister Michael Noonan on Tuesday announced the 1.3 billion package of tax cuts and spending increases, increasing an earlier estimate that the government would have 1 billion... read more

 
12 October 2016 in Business, Views: 35
Source: Reuters
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