Economic document set to forecast large budgetary surplus for State via IrishTimesBiz
However, despite some speculation, it is understood there will be no new reserve fund announced to set aside windfall corporation tax revenues, though such a move could be on the cards in the coming months. The Government has already set aside €6 billion in a rainy day fund.
The report is expected to state that the economic impact of the conflict of Ukraine remains a factor but it will also point to a steadying of energy and commodity prices and a slowdown in terms of inflation. The plan is a key part of the Government’s Climate Action Plan 2023. It is understood that it will involve widespread public consultation. Ministers will be told that this consultation will highlight the improvements taking place in public transport and active travel and the benefits of freeing up roads and public spaces for people.
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