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'Severe austerity won't be needed' - State is urged to spend big during recovery

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A garda patrols a deserted Dublin city centre during the first  lockdown. Photo: Gerry Mooney

A garda patrols a deserted Dublin city centre during the first lockdown. Photo: Gerry Mooney

A garda patrols a deserted Dublin city centre during the first lockdown. Photo: Gerry Mooney

The Government will need to spend billions of euro over several years to support the economy but there is no need for a return to austerity, according to the State's budget watchdog.

In its latest budget assessment, the Irish Fiscal Advisory Council (IFAC) says that even though the public finances will be stretched by Covid-19 spending, there is no need for a return to the "severe austerity" of the post-crash era.


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