Sweet Spot
by AIB Treasury Economic Research Unit
- In recent years, the Irish public finances have been faced with the need to provide for short-term but often substantial government expenditure policy responses to a number of external shocks.
- The principal unknown factor in relation to the future path of non-core spending is the duration of the €2.5bn required each year for expenditure on the Ukrainian humanitarian crisis.
- Furthermore, core/non-core spending classifications can lead to confusion around budgetary policy.
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