The governor of the Central Bank, Gabriel Makhlouf, in an interview reported by Jude Webber in the Financial Times on Tuesday, echoed the concerns of economists at the ESRI and the Fiscal Advisory Council about the course of Irish budget policy.  Their economists have been warning about expenditure growth well beyond the Government’s own five per cent limit and about the €9.4 billion in extra spending and tax giveaways to which the Government is committed – details will be revealed on October 7. The main worry is that buoyant tax revenues cannot be taken for granted and that continued fiscal…

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