Fiscal Watchdog Aprroves Government Budget Plan

The fiscal watchdog has given its approval to the Government's budget plan, but has warned against any move to increase the package.

In a pre-budget statement, the Fiscal Advisory Council says proposed tax cuts and spending increases of between 1.2 and 1.5 billion euro is economically prudent.

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But it also noted that it's at the higher end of the acceptable range and says the government should stick to the plan in order to protect the economy from potential future shocks.

Chief Economist at the Fiscal Advisory Council, Thomas Conefrey, says it's important for the government to balance their tax cuts against the amount needed for public services.