The newly installed Taoiseach’s plans to spend big during next year’s Budget have hit the buffers today after the Deaprtment of Finance have said any overspend is simply not feasible.
Mr Varadkar who was hoping to pump Billions into the health, education and housing sectors this coming October has been given a stark warning by the new Minister for Finance Paschal Donohoe who has said the Government should rather tighten its belt rather than splurge out in 2018.
It is thought that the Taoiseach is willing to dip into the rainy day find which was setup by the recently departed Minister for Finance Michael Noonan.
However Mr Donohoe has warned the €3bn surplus should remain untouched and that the Government should seriously consider focusing on maintaing Ireland’s GDP rather than splash out on departmental issues.
Mr Donohoe also said the issue surrounding tax breaks for middle income earners must be addressed in upcoming Budget was they are currently too high.
The news will surely come as a blow to the Taoiseach who was hoping to make a big impression with voters by offering improved services and infrastructure throughout the country.