Moody’s says Budget 2016 keeps the deficit reduction on track

[Sophrosyne]

“Ratings agency Moody’s today said the €1.5 billion in supplementary spending announced last week by the Government should be “feasible” given that corporation taxes will be 5.5 per cent higher than budgeted.

The agency also said Budget 2016 keeps the deficit reduction on track although it signalled a “loosening” in fiscal policy compared with recent years.”