A report demands additional budgetary consolidation work

10^th April 2012

A report by the Irish Fiscal Advisory Board that was published on 3rd April asks the government to make further savings to ensure that the deficit goal of 8.6% of the GDP set for 2012 is reached. According to this report, given that growth prospects have worsened since the 2012 budget was announced, there is uncertainty about whether the government can fufil its commitment without having to take "additional discretionary measures". The govenment reacted to this publication saying that the data on which the report was based was not sufficiently up-to-date but it did re-iterate its commitment to achieving the goal of an 8.6% public deficit in 2012.

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