Taoiseach Leo Varadkar and finance minister Michael McGrath speaking before cabinet meeting

The transcript discusses the government's focus on helping families, housing, and community building, while addressing inflation and budget adjustments. The 5% spending rule, initially set to cover inflation and improvements, is now outdated due to higher inflation rates. The government plans to use a budget surplus to reduce debt and prepare for future demands, while adhering to European fiscal rules. The balance between supporting public services and controlling inflation is emphasized, with adjustments made to accommodate current economic conditions.

What challenges does the government face in balancing the budget?

Why does the speaker believe the current spending plans are prudent?