Exchequer returns cap transformative week for new finance minister Jack Chambers

Paschal Donohoe, Minister for Public Expenditure, and Jack Chambers, Minister for Finance, at the annocunement of the exchequer returns on Wednesday. in Dublin. Photograph: Dara Mac Dónaill/The Irish TimesAt the start of last week, he was one of the State’s three super junior ministers, able to attend Cabinet meetings but not as the head of a respective department.

Having that level of financial largesse – the and cumulative surpluses of €38 billion over the next four years – going into a budget in a country plagued by a dysfunctional health service and an acute housing crisis and on the eve of election is not necessarily an easy path for a new minister. And then there is the Central Bank and the Economic and Social Research Institute warning that the economy is rapidly advancing towards a point of overheating, which a big budgetary spend could tip us headlong into.

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