IFAC slams Budget 2024 for fiscal gimmickry

Brendan Burgess

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The Irish Fiscal Advisory Council has accused the Government of "fiscal gimmickry" and "poor budgeting" in its formal response to October's Budget.

It says the Government is at risk of repeating the mistakes of the past with what it described as a "everything now" approach which will boost inflation and damage its credibility.
 
It says 71% of the cost-of-living supports announced in the Budget were untargeted. Along with income tax breaks, the Council believes inflation will as a result be 2.9% next year compared to 2.2% if the government had stayed within its spending rule.

This is the point that I made. By all means, help those who need it. But giving tax relief on mortgage interest to those with very small mortgages was just plain wrong.
 
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