Ireland Outlines Cautious Budget Package on Tariff Backdrop
Deputy Prime Minister Simon Harris and Prime Minister Michael Martin at the launch of the Government's Summer economic statement, on July 22.
Photographer: Niall Carson/PA Images/Getty ImagesThe Irish government outlined a more cautious spending plan for its next budget package, a sign it is tightening the purse strings as global trade turmoil risks slowing growth in the multinational-dominated economy.
The plan for the €9.4 billion ($11 billion) budgetary package, likely to be unveiled in October, comprises a tax package amounting to €1.5 billion and a spending package of €7.9 billion, according to the government’s Summer Economic Statement published Tuesday.