Davy Research

Irish economy

Modest giveaway Budget ahead of Brexit uncertainty

DAVY VIEW

Today’s Budget was broadly as expected. The government unveiled €1.2bn of spending rises and tax cuts, albeit financed by additional revenue-raising measures – notably a higher 6% stamp duty rate on commercial property transactions. The government expects a small deficit of 0.2% of GDP in 2018 and a debt/GDP ratio of 69%.

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