Irish watchdog calls for more austerity

Article reported that Ireland may have to introduce additional budget cuts in 2012 to meet budget deficit targets in its international bailout programme due to weaker than expected economic growth.

In a report published on the 3 April 2012, the Irish Fiscal Advisory Council, Ireland’s independent budget watchdog, said it estimated the government may need to implement an extra €400m in austerity measures for it to achieve its 2012 deficit target of 8.6% of gross domestic product.

ESO: Background information: Statement by the EC, ECB, and IMF on the Review Mission to Ireland http://www.europeansources.info/record/memo-statement-by-the-ec-ecb-and-imf-on-the-review-mission-to-ireland-3/

Website: Irish Fiscal Advisory Council http://www.fiscalcouncil.ie/

IFAC: Fiscal Assessment Report, April 2012 http://www.fiscalcouncil.ie/wp-content/uploads/2012/04/IFAC_April2012.pdf

Irish Times, 4.4.12: All public finance targets met this year http://www.irishtimes.com/news/all-public-finance-targets-met-this-year-1.494520?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fall-public-finance-targets-met-this-year-1.494520

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