Central Bank of Ireland governor Gabriel Makhlouf warned the Government needed to do more to preserve its finances. Photograph: Eamonn Farrell/RollingNews.ieThe Government should be saving more corporate tax receipts as a buffer against concentration risk, the governor of Ireland’s Central Bank has warned. On the exchequer’s deepening reliance on tax receipts from the multinational sector, he said the Government needed “to address the over-concentration of the tax base”. More of these windfall taxes need to be saved “to build resilience for the future”, he said, while highlighting the need to broaden the tax base here. In a letter to the Tánaiste and Minister for Finance Simon Harris, published separately by the Central Bank, Makhlouf warned that the Irish economy was heading into a period of more moderate growth, partly due to infrastructural deficits in several sectors.

Source: The Irish Times February 11, 2026 13:44 UTC