Government should listen to itself on spending, finance watchdog tells TDs

Irish Fiscal Advisory Council chairman warns that while the economy is still strong, it is too heavily reliant on corporation tax

Seamus Coffey: 'Higher energy prices would typically cause growth to slow down'. File picture

The country's financial watchdog said it will continue to raise warnings about government spending, but that the Government should "listen to itself".

Representatives of the Irish Fiscal Advisory Council (Ifac) appeared before the Oireachtas select committee on budgetary oversight on Tuesday and told TDs that, while the economy is still strong, it is also heavily reliant on corporation tax.