OECD ‘won’t lose sleep’ over cuts if target met

The OECD is not “going to lose sleep” over the nominal amount of cutbacks in October’s budget as long as the deficit reduction targets agreed with the troika are met.

That is according to the OECD secretary general, Angel Gurria, who said: “The targets are set in percentage of GDP and it is my understanding that you [Government] are going to hit the targets.”

Mr Gurria was speaking in Dublin following the launch of the OECD’s latest survey on Ireland.