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 |
ESAs warn of risks from economic and geopolitical events September 10, 2024--The three European Supervisory Authorities (EBA, EIOPA and ESMA-ESAs) today issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines ongoing high economic and geopolitical uncertainties. |