Government 'risks making the same mistakes that led to financial crash'

The State’s financial watchdog has said that the Government risks repeating the same "mistakes" that led to the financial crisis by failing to stick to budgetary guidelines.

The Irish Fiscal Advisory Council (IFAC) said that the Coalition’s plans to reduce the deficit by 0.3% next year are not in full compliance with the Budgetary Rule or the EU Stability pact - which require a change of 0.6%.