Noonan 'should avoid tax cuts'
ECONOMIC think-tank the Nevin Institute has called on Finance Minister Michael Noonan (below) to make a Budget 2015 adjustment of just €800m, rather than the €2bn adjustment being sought by the Irish Fiscal Advisory Council.
The Institute said record-low borrowing costs should be used to fund a large-scale public investment programme focused on areas like social housing, education and high-speed broadband infrastructure.
In its latest economic commentary, the trade-union funded think-tank called said the Government shouldn't cut taxes.
It said budget measures should include an increase in employers' PRSI, a wealth tax and reforms to capital acquisitions tax.