Budget 2020 is proof that a booming economy no longer guarantees an upbeat and self-congratulatory budget. in a time of slow growth, and spend less when the economy is growing rapidly. The ring-fencing of carbon tax receipts for spending on climate change measures was a really good example of this. All of this is before we get to tackling the climate change and the emissions crisis in a meaningful way. So maybe the cautious and restrained tone of the Budget makes a lot of sense for a lot of different reasons.

Source: Irish Examiner October 13, 2019 23:03 UTC