Surplus in the public finances won’t be maintained, says Paschal Donohoe

Growth is being revised down and inflation revised up

Finance Minister Paschal Donohoe and Public Expenditure and Reform Minister Michael McGrath at the Department of Finance yesterday. Photo: Gareth Chaney/Collins Photos

Donal O'Donovan

Ireland will run a deficit this year as an expected rise in spending linked to the costs of managing inflation – and potentially billions to support refugees – start to kick in, according to Finance Minister Paschal Donohoe.