Why has Ireland got so much surplus cash?
What would you do with tens of billions of pounds to spare?But for the Republic of Ireland – a country of just over five million people – it is realistic.
Given the pandemic squeezed public finances hard in many countries, plenty of other governments may look at Dublin with envy. "But if you look at the data, and the amount of actual activity, you see the Irish economy is in a very strong position.” Statistics from the Irish Department of Finance show it is set to reap a budget surplus of €10bn this year – that is 3.5% of national income.A mile north of Silicon Docks – the riches of the tech sector can feel a world away.Belinda Nugent, from the ICON community network, described the issues which people were asking for help with – addictions, evictions and poor-quality housing.
“I can’t remember the last time I met with friends and we didn’t talk about the housing crisis,” she said.
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