€400m in extra taxes needed, Advisory Council predicts

The Irish Fiscal Advisory Council has warned that a further €400m in taxes or cuts may be needed to meet this year's debt targets.

The Irish Fiscal Advisory Council has today warned that a further €400m in taxes or cuts may be needed to meet this year's debt targets.

The Government's economic advisors said that there remains a question mark over whether the target of 8.6% can be met this year, because of a slump in economic growth.