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Exchequer returns cap transformative week for new finance minister Jack Chambers

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Government is expecting a surplus of €8.6 billion this year

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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