Gabriel Makhlouf critical of Government decision to break spending rules
Mr Makhlouf said the budget devalues the spending"rule, unless you can explain and the way the Government is explaining it is that a lot of these measures are one-off." Photograph: Sam Boal / RollingNews.ieannounced a budget of €14 billion including a package of €2.7 billion
Mr Makhlouf said he appreciated the decision to create “rainy day funds” in relation to the announcement of the Future Ireland Fund and an infrastructure and climate fund.Mortgage interest relief – who is not getting it and why? “It devalues the rule, unless you can explain and the way the Government is explaining it is that a lot of these measures are one-off,” he said.
Ireland’s unemployment rate is at its lowest in 20 years and the economy is operating at full capacity, which gives rise to concern about “expansionary fiscal policy which may not help the inflation challenge,” he said, but added that he doesn’t need to “worry” about political choices.
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