Ireland: Selected Issues

International Monetary Fund

No 2016/257, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper reviews public expenditure efficiency in Ireland. Evidence suggests that while Ireland is a low spending country, it achieves a generally efficient use of public funds, with some key differences across sectors. Although the overall space for budgetary savings appears limited, further spending efficiency could help contain cost pressures coming from the demographic challenge of an aging population and improve the quality of public services. It could also help rechannel spending toward more productive uses, for instance by increasing public investment relative to current expenditure, and support the competitive position of the Irish economy and its growth potential.

Keywords: ISCR; CR; firm; bank; TFP growth; Ireland; frontier firm; firm size; interest cover ratio; firms' TFP; CRE price; determinants of TFP; financial distress; Total factor productivity; Productivity; Global; Europe; C. public expenditure efficiency; Benchmarking expenditure; supervisory response; core infrastructure quality outcome; Health care spending (search for similar items in EconPapers)
Pages: 72
Date: 2016-07-28
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