Multinationals in Ireland have paid record amounts of corporate tax in recent years, and the country estimates its budget surplus could hit 6.3% of GDP.
McGrath also highlights "substantial fiscal risks in the medium-term" around caring for Ireland's ageing population. People born in Ireland from 2020 onward have among the highest life expectancies in the EU, and the Department of Finance estimates age-related spending will increase by 7-8 billion euros between 2020 and 2030.
Ricardo Amaro, senior economist in the euro zone team at Oxford Economics, noted that the government's forecast of a fiscal surplus of over 6% of national income by 2026 was "highly conditional on the assumption of no major shock to corporation tax receipts."
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