Irish Corporate Tax Intake Masks Weakness, Fiscal Watchdog Warns

Ireland’s healthy economic headline numbers mask growing weaknesses in the public finances, the state’s fiscal watchdog has warned.

Voted spending is projected to increase at an average rate of 6% per year between 2026 and 2030, according to the Department of Finance. But the planned pace of net spending growth is the fastest in the European Union and faster than the sustainable growth rate of the economy, at around 5%, the Irish Fiscal Advisory Council said.

Even though Ireland boasts one of the bloc’s rare budget surpluses, its thanks to a handful of huge companies like Apple Inc. and Eli ...