IMF Staff Country Report-Ireland: Selected Issues
December 18, 2023--A. Savings Funds in Ireland |
Ireland’s path of primary surpluses, except for during the GFC, is not out of line with that in some peer countries. Some countries, like Korea and New Zealand, have also established sovereign wealth funds (SWF). 2. Ireland's healthy fiscal position has been supported in recent years by a fast increase in CIT revenues, which have grown beyond what would be implied by economic fundamentals. Ireland's share of CIT in total revenue (almost 1/3) is much larger than the average of European countries in the OECD (about 6 percent) and CIT has become the second largest source of tax revenues. While |