« BackESRI advises government to adopt neutral budget this year

The government’s facing a warning about its approach to Budget 2016, with just under 2 weeks to go before it’s unveiled.
The ESRI’s advising the coalition not to go ahead with a plan to introduce 1.5 billion euro of spending increases and lower taxes to avoid overheating the economy. Officials at the think-tank have upgraded their forecast for Ireland’s GDP growth this year to 6 per cent, and for 2016 to 4 and a half per cent.
Economist David Duffy says a neutral budget is the way to go and the government should be looking at the longer-term impact of the current plan.