Published 10/04/2016 | 02:30
The fiscal space balloon has been losing altitude since its release during the election and the Exchequer figures for the first quarter bring it even closer to earth. There was another big overshoot on the health budget and the earnest discussions in Government Buildings are about schemes to dispense largesse which does not exist.
Six weeks after the election there is no sign of a stable government. Populist pressures on the public finances have been building and the absence of a government encourages further demands. The latest is the push for public service pay increases. Every political group appears to favour…
Read the full article at: http://www.independent.ie/opinion/columnists/colm-mccarthy/fiscal-space-balloon-is-losing-altitude-34613890.html