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IMF Warns: Fix Spending, Tax More | Cork News
The IMF is sounding the alarm with a sobering economic forecast, projecting just 2.5% growth for the next two years—down from 5% last year—and urging the government to shift revenue focus from corporate taxes to income, VAT, and local property taxes. With spending running over budget limits, they’re demanding stricter controls and a binding medium-term spending plan. This comes on the heels of their role in the 2010 €67 billion bailout, and now they’re pushing for structural reforms to fix housing, boost energy security, and prepare for AI. Financial aid for struggling households must be…
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