Minister Donohoe emphasized the importance of sustainable budgeting in response to economic challenges, specifically regarding the cost of living. Past budget packages aimed at alleviating inflation, sometimes amounting to €2.5bn, are not deemed viable moving forward. He acknowledged the constraints posed by US tariffs on the Irish economy while asserting Ireland's strength in navigating these risks. The ongoing reliance on windfall corporation tax highlights the necessity for cautious financial planning amidst uncertain economic landscapes, particularly concerning the pharmaceutical sector.
"We should not, and I believe will not repeat that again," he told RTÉ's Morning Ireland.
"Maintaining a surplus in the public finances remains important while uncertainty over the future of the pharma industry continues."
Collection
[
|
...
]