How to spend a budget surplus


Tents under a bridge near new corporate offices in Dublin. — ©️2023 The New York Times Company

FIFTEEN years after a collapsed housing bubble forced Ireland to borrow tens of billions of dollars or risk going bust, the country is discovering that having too much money can also be a problem.

Swollen by rising corporate tax revenue, mainly from American tech and pharmaceutical corporations, the government is expecting to have a record budget surplus of €10bil this year.

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