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Full coverage: colm mccarthy

Colm McCarthy: Populism, gridlock, and the myth of free roads

Ireland’s aversion to charging motorists has turned congestion into a policy choice. Roads, like water, are scarce — and refusing to price them simply spreads the costs more widely and inefficiently.

Colm McCarthy
15th Jan, 2026 - 6 min read

Ireland’s budget blind spots: Capital commitments and the cost of abandoning neutrality

Warnings about unsustainable spending have gone unheeded as government promises mount, from regional wish lists to defence upgrades. Neutrality has quietly delivered one of Ireland’s greatest fiscal dividends, and abandoning it could cost more than any infrastructure project ever has.

Colm McCarthy
11th Jul, 2025 - 6 min read

Fiscal amnesia: Has Ireland forgot the lessons of 1987 and 2010?

Ireland risks another cycle of capital cuts and fiscal crises unless early corrective action is taken and spending discipline restored.

Colm McCarthy
17th Jun, 2025 - 6 min read

Neutrality is worth fighting for – to avoid ballooning deficits and a bigger fiscal correction  

Donald Trump’s foreign policy pivot is unsettling smaller nations, forcing them to navigate a world where old alliances no longer guarantee protection. What does it mean for Ireland?

Colm McCarthy
1st May, 2025 - 5 min read

Colm McCarthy: Spending, debt, and Ireland’s pretence of prudence

The Department of Public Expenditure and Reform has seen its influence downgraded in the interests of ‘delivery’ and the decline in the quality of the capital programme is already underway.    

Colm McCarthy
9th Jan, 2025 - 5 min read

Even without the huge overshoots, the capital programme is stacked with wasteful projects

Fine Gael has proposed a new Department of Infrastructure to take charge of large project delivery. But who is in charge of project selection? Who weeds out the low-priority schemes before they get underway? 

Colm McCarthy
12th Dec, 2024 - 5 min read

Memories are short, the political time horizon even shorter, and sovereign debt refinancings will begin shortly

A sane and fiscally sustainable economic policy is a bulwark for the small business sector in Ireland, but a bespoke policy, made-to-measure for any faltering sector, is delusional.  

Colm McCarthy
21st Nov, 2024 - 5 min read

Colm McCarthy: We need to talk about water charges

Ireland is the only European country offering free water and Uisce Éireann is the only Irish semi-state which has the majority of its staff on the payroll of agencies it cannot control. Something has to give.

Colm McCarthy
12th Nov, 2024 - 5 min read

Colm McCarthy: Belfast is the inevitable beneficiary of artificial slot restrictions in Dublin

The constant refrain from politicians seeking to avoid decisions about the 32 million cap is to urge scheduled airlines to use Cork, Shannon and other regional airports. Yes, they have capacity, but there is a reason why.

Colm McCarthy
14th Oct, 2024 - 5 min read

Colm McCarthy: There should be a judge-led public inquiry into the NCH debacle

The Government has never formally abandoned the Public Spending Code but one could be forgiven for imagining that it has. Every mistake in capital allocation means that, sooner or later, better projects must wait. 

Colm McCarthy
26th Sep, 2024 - 5 min read
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