New research from the ESRI indicates that, at the household level, measures introduced in Budget 2026 are expected to lead to modest income reductions next year, averaging around 2 percent of disposable household income.
In a press release issued last week, the ESRI noted that the fiscal stance as outlined in the current and recent budgets is arguably too loose, and the reliance on unpredictable corporation tax receipts is a vulnerability. The fiscal stance refers to the balance between government spending and taxation, comparing the amount which the government injects into the economy through expenditure to the amount which it withdraws through taxes.
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