#gabrielmakhlouf

News Headlines | Central Bank Governor warns against spending overruns AI generated summary, Read the full article for complete information. Ahead of Budget 2027, Central Bank Governor Gabriel Makhlouf warned Finance Minister Simon Harris that continued budget‑spending overruns could swell the public‑finance deficit to €25.7 billion by 2030 (up from an underlying €20.4 billion), especially as half of Ireland’s corporation‑tax revenue comes from multinational activity that is highly unstable and is now concentrated in just ten firms that contributed 56 % of payments last year. With corporation tax already accounting for 23 % of general‑government revenue, Makhlouf cautioned against relying on this “potentially vulnerable” source to fund permanent spending increases, urging the government to broaden the tax base and trim exemptions. He also highlighted the broader fiscal risk posed by Ireland’s €210 billion national debt, noting that the annual interest bill is expected to double to €6 billion, and called for debt‑as‑a‑share‑of‑GDP to remain a key policy focus, while expressing optimism that sound policy choices could steer the economy through a turbulent international environment. Read more: https://www.rte.ie/news/business/2026/0713/1583099-central-bank-governors-budget-letter/ #GabrielMakhlouf #SimonHarris #CentralBank #Ireland #Corporationtax

News Headlines | Central Bank fiasco embroils RTÉ's new finance chief AI generated summary, Read the full article for complete information. The Central Bank’s fitness‑and‑probity vetting system – the gatekeeper that approves senior finance‑sector appointments – has been exposed as seriously flawed after two recent court rulings. A High Court judgment on 17 April condemned the Bank’s handling of a one‑year prohibition imposed on a former fund‑company CEO, finding multiple breaches of natural justice, denial of an oral hearing and a “box‑ticking” interview that caused disproportionate damage to his career and personal life. The decision‑maker, then Central Bank head of finance Annemarie Britz, later became RTÉ’s chief financial officer, sparking controversy over the appointment. This judgment follows a 2024 tribunal case that also rebuked the Bank’s procedures, prompting an independent review and reforms, yet critics argue the changes remain insufficient. Both cases occurred under Governor Gabriel Makhlouf’s tenure, who was recently re‑appointed for a second seven‑year term, leaving the credibility of Ireland’s financial‑regulation regime in question. Read more: https://www.rte.ie/news/business/2026/0502/1571353-central-bank-court/ #CentralBank #GabrielMakhlouf #IrishFinancial #HighCourt #DavidBarniville #AnnemarieBritz #MariHurley #KevinBakhurst