Irish Finance Minister Paschal Donohoe warned that proposed US pharmaceutical tariffs could result in the loss of around 75,000 jobs in Ireland, urging the government to carefully manage its substantial budget surplus derived from corporate taxes. With global economic uncertainties looming, Donohoe emphasized the importance of maintaining capital investment to secure Ireland's long-term competitiveness. While last year's budget featured one-off giveaways, he indicated a necessary shift towards prudent fiscal management to safeguard against risks to tax revenue due to potential tariffs and a global slowdown.
Irish Finance Minister Paschal Donohoe raised concerns that US pharmaceutical tariffs could jeopardize 75,000 jobs in Ireland, emphasizing the need for strategic fiscal management.
Donohoe highlighted the importance of maintaining capital investment despite global economic uncertainties, noting that cuts made today could lead to mounting costs in the future.
Collection
[
|
...
]