Commission warns Ireland to tighten its belt in next Budget

Ireland is being warned to tighten its belt again.

The Government's spring statement claims there is room for €1.5bn worth of tax cuts and spending increases, but the European Commission has said a more stringent budget is needed next year.

Commission warns Ireland to tighten its belt in next Budget

According to the Irish Times, the Commission thinks the country needs to cushion itself against future shocks and accelerate debt reduction.

The troika partners were in Dublin this week for the first of two annual inspections charting the State's progress since leaving the bailout.

The IMF, however, believes the spring statement is moving "broadly in the right direction".

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