With Budget 2025, Ireland is trying its hand at something new. When money started flowing into state coffers during the Celtic Tiger years, the Government’s approach was then Minister for Finance Charlie McGreevy’s “have it, spend it” approach. This led directly to a return to the bleak 1980s, when the financial crisis meant annual budgets were either written by the Troika or confined to the allocation of penury. The economy then recovered and Ireland discovered the phrase “fiscal space” in 2016, incredulousely watching it expand in the new world order of multinational-fuelled, green jersey corporation tax flows at the turn…

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