(Image: Pixabay)The Government is being warned another giveaway budget could risk over-heating the economy.
The Summer Economic Statement is expected to reveal a 10-billion euro surplus this year.
However, Finance and Public Expenditure Ministers are expected to outline that the extra money is coming in through Corporate Tax, which they say can't be depended on into the future.
But, Columnist with the Business Post, John Walsh, says the coalition parties might be tempted to announce a bumper budget in October:
"We're one of the strongest growing economies in the EU. We're projected to have a budget surplus of about €10 billion this year and €16 billion next year."
"So in that context, it was always going to be very very difficult for politicians to say 'let's exercise some fiscal restraint, maybe it's not a good idea to spend too much money'.
"But the problem is we're in a an election cycle and politicians have to spend if they want to get re-elected."
