"We've got to make sure that we have reserves to deal with any forwarder deterioration in terms of oil supply but consequential increase in price - that is a big concern for me."
"I think it does make sense that we would keep some funding in reserve for the Budget."
"Tax is one, childcare is a key area, social protection for pensioners, and for lone parents, and people on low incomes more generally. And then, we have other specific measures we can do also to try and alleviate pressures. Retrofitting can help quite a number of families."
"We can't have a budget every month, and so we've got to make sure that we have reserves to deal with any further deterioration in terms of oil supply, with a consequential increase in prices."
The Government should not deploy additional state surplus to fully address the cost-of-living crisis, prioritizing long-term stability alongside short-term pressures. After strategic investment funds, a surplus of about €2.5bn could still be maintained. Reserves should be preserved to respond to potential deterioration in oil supply and resulting price increases, especially amid volatility in global energy markets. The Government has already intervened with €750m in response to the fuel crisis. Budget measures can alleviate pressures on families through tax changes, childcare support, social protection for pensioners and lone parents, and targeted help for people on low incomes. Retrofitting can also support families. Additional reserves are needed to manage possible future impacts of war-related developments in the Middle East.
Read at Irish Independent
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