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IFAC Warns Borrowing Needed to Part-Finance Saving Funds

Council says the government will need to borrow as 5 out of every 6 euro in corporation tax is now being spent.

Summary by RTÉ
The IFAC has warned that two long term savings funds, established by the Government to retain some of the corporation tax paid by multinationals, will have to be part-funded by borrowing.
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3 Articles

RTÉRTÉ
Center

IFAC warns borrowing needed to part-finance saving funds

The IFAC has warned that two long term savings funds, established by the Government to retain some of the corporation tax paid by multinationals, will have to be part-funded by borrowing.

·Ireland
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The JournalThe Journal
Lean Left

The government will have to borrow to top up its new savings funds, spending watchdog warns

The government has been criticised for not spending windfall corporate tax revenue, but it turns out it has been.

·New York, United States
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Irish TimesIrish Times
Lean Left

Government ‘will need to borrow’ for new wealth funds as spending rises at fastest rate in EU, says watchdog

Gross debt is set to rise by more than €30bn to almost €340bn by 2030

·Dublin, Ireland
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Bias Distribution

  • 67% of the sources lean Left
67% Left

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Irish Times broke the news in Dublin, Ireland on Wednesday, June 10, 2026.
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