IMF warns Ireland not to cut Universal Social Charge

IMF warns Ireland not to cut Universal Social Charge

The International Monetary Fund has warned that Ireland must maintain fiscal discipline.

It has finished its fourth post program monitoring following Ireland's exit from the EU/IMF Bailout programme in December 2013.

The group said that the Irish economy continues to progress at a strong pace, however, challenges still remain.

It is warning against cuts and changes to the Universal Social Charge, being proposed by Fine Gael, Labour, Fianna Fáil and Sinn Féin ahead of the General Election.

It also said that measures to boost housing supply are welcome in order to stimulate construction activity.

However, the IMF warns that administrative measures on rents could reduce the return on investment properties and lead to less construction.

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