Drop in living standards ‘unavoidable’, Department of Finance says

Mr McGrath acknowledged this situation earlier this month when he said that by far the most important factor behind last year’s €5 billion surplus was the strength of corporation tax revenue. He spoke of the risk to these receipts and said that was why the Government was transferring part of the windfall to the “rainy day fund”. He also pledged to keep the public finances on a “sustainable trajectory” to put the country in the best position to meet “future challenges”.

The Government used Budget 2023 to announce cost-of-living measures like the electricity bill credits for all households totalling €600 and the expanded fuel allowance. Positives in the Department of Finance document are the “strong” rebound of economic activity following the Covid-19 pandemic “with little, if any, evidence of permanent ‘scarring’ to the economy”.

So we should expect reversal of €6.5K increase in TD pay?

Ahh well if its unavoidable then that's OK Micheal 😡 for once do the right thing call an election ye corrupt inept clowns

So, that's why they've stashed the €7billion housing budget away? Aye ...🤬

Thank you to the Government of Ireland. We will make you poorer and we won’t do anything to help you. Can we have a General Election please to rid us of these frauds in the Dail.

Mass importation while not the only driver for the decrease in living standards it is undoubtedly a contributing factor. Governments refusal to tackle or implement a responsible immigration policy amounts to fiscal suicide and in my opinion is tantamount to treason.

Why off course thats what happen when the transfer of wealth takes place poorer get poorer . Won't be a drop in anything for those fcukin hateful Traitors in the Dail.

..... he means for the riff raff but not for the well heeled ...

You're allowing hikes in energy bills and an enormous increase in carbon taxes in the next few weeks right?

Wow. All those years of the gombeenocracy shoving Ireland as far-left on the Overton Window as it would go, to make us amenable to the 'Californian hippy' vibe of US big-tech, and it hasn't made the slightest difference? JiltedLovers

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