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IFAC Warns Budget 2027 Spending Overrun | Cork News
IFAC is sounding the alarm on Budget 2027, warning that actual spending will likely far exceed official projections — a pattern that’s repeated for a decade, averaging over two billion annually. With net spending projected to jump 6% in 2027 — faster than Ireland’s 5% sustainable growth rate — IFAC argues this could fuel inflation and strain an already stretched economy. Compounding the issue, demographic shifts and inflation are set to add 8 billion in new pressures, leaving little room for new initiatives. The council urges Ireland to adopt its own fiscal rules, cap spending growth, run…
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