Ibec said Government should aim for balanced budget without additional corporation tax receipts

Business group has recommended a budget day package of €3bn, with an additional €1.3bn in infrastructure spending

Ibec chief economist Gerard Brady said it was 'really important' in this budget, and other forthcoming budgets, that 'we set out a really strong framework for multi-annual funding of infrastructure'.

Business group Ibec has called for the Government to produce a balanced budget later this year, which does not rely on excess corporation tax receipts and makes investment in infrastructure its number one fiscal priority.

In its pre-budget submission, Ibec has recommended a budget day package of €3bn, with an additional €1.3bn in infrastructure spending under the National Development Plan.