Martin: There will be tax cuts in October budget

Tánaiste Micheál Martin said the public finances are 'strong' in Ireland, and also said there would be additional expenditure on public services

Tánaiste and Minister for Foreign Affairs Micheál Martin also said: 'I will be leading Fianna Fáil into the next election'. Picture: Dan Linehan

Tánaiste Micheál Martin has said there will be tax cuts in October's Budget, but they will be "balanced" with cost of living measures.

Mr Martin was speaking in Belfast after a warning was sounded by the Irish Fiscal Advisory Council (IFAC) that the Government should not be tempted to tap into windfall tax revenues currently flooding into the Exchequer, to hugely increase spending or slash taxes.