Wednesday 22 November 2017

Can Noonan and Howlin stick to the most prudent and responsible course?

Michael Noonan
Michael Noonan
Colm Kelpie

Colm Kelpie

Two sets of experts, with two different opinions on the Budget plan. Moody's has poured cold water on the Government's claim that its €1.2bn-€1.5bn tax cut and spending plan for Budget 2016 is prudent, saying there shouldn't be any giveaways at all given the high level of public debt.

But the State's budgetary watchdog, the Fiscal Advisory Council, has softened its stance and now appears to be on board with the Government's plan, arguing the latter might just comply with tough EU rules even if it does loosen the purse strings a little bit.

Given Moody's ultra-cautious view on Ireland, its stance isn't terribly surprising.

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