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    Ireland's Finance Minister Justifies Borrowing for Savings

    2 weeks ago

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    Finance Minister Simon Harris argues that borrowing for Ireland's long-term sovereign savings funds is justifiable despite rising debt servicing costs. Central Bank governor Gabriel Makhlouf has expressed skepticism. Harris highlights the government's commitment to fund these savings, which relies on budget surpluses, while concerns about fiscal sustainability grow as debt servicing costs are projected to double by 2030.
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