IBF highlights under-funding of Irish public services

The Irish Bankers' Federation (IBF) has claimed that public services in Ireland are under-funded compared to those in other EU countries.

In a report published today, the federation said that Ireland’s spending on education was third-lowest of the 15 countries that made up the EU before its expansion earlier this year.

Ireland was also in the lowest half of the league table when it came to spending on health.

The IBF report said increased resources were needed in these areas, but spending structures also needed to be reformed.