The Government's plan to cut growth in day-to-day spending will mean tougher budgets, with a focus on delivering housing and infrastructure. Photograph: Getty ImagesTighter budgets and a squeeze on unplanned spending increases in the coming years are in prospect as the Government prepares to unveil its Medium Term Fiscal and Structural Plan later today. It will pledge to keep the increase in current spending to an average of 6 per cent over the remaining term of the Government. Current spending – spending on day-to-day public services, public sector wages and social welfare – increased by an average of 8.5 per cent a year between 2019 and 2024, according to official figures. This means reducing the growth of current spending is essential to leave enough money in the State coffers.
