Government needs to show 'fiscal restraint' and phase out cost-of-living measures, warns OECD

Intergovernmental agency said public finances need to be made more resilient 

Finance Minister Paschal Donohoe welcomed the publication of the report saying it points to the 'resilience of the Irish economy'. 

The Government needs to show fiscal restraint, phase out cost-of-living measures, and save more money in order to improve the country’s finances in the long-term and protect against any potential economic shocks, the Organisation for Economic Cooperation and Development (OECD) has said.

This comes following numerous budgets that have increased public spending over and above the Government’s own spending rules.