Officials preparing Ireland’s upcoming budget face a situation most of their peers elsewhere would love to have: an €8.6bn surplus and an economy that grew five times faster than expected last year.
But deciding what to do with the country’s tremendous fortune is proving trickier than anticipated.
“Ireland’s problem isn’t that it doesn’t have enough money — it has loads,” said Gerard Brady, chief economist at Ibec, Ireland’s biggest business lobby. “The problem is that it is struggling to find ways to turn that money into real things that people need.”
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