Fiscal Assessment Report June 2024: Ireland Urged to Strengthen Domestic Fiscal Framework (fiscalcouncil.ie)

• Economy at full capacity; loose policy risks overheating
• National Spending Rule breached repeatedly; cumulative overrun €8.5bn (2021-2024)
• Corporation tax highly concentrated: 3 firms = 43% of revenues in 2022

"The Irish Fiscal Council warns the Government is repeatedly breaching the National Spending Rule. With the economy at full capacity, loose policy risks overheating. Corporation tax is highly concentrated: just three firms contributed 43% in 2022. The Council recommends adhering to the National Spending Rule and increasing savings in the Future Ireland Fund."