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Budget deficit fears

THE organisation set up to advise on budget targets said that there is a question mark over the ability of the Government to hit its budget deficit target of 8.6pc of GDP.

The Fiscal Advisory Council said that for the next three years, the Government should introduce an extra €2.8bn in budget measures. The Council has raised the red flag over the Government's assumption of real growth of 1.3pc of GDP given the very uncertain outlook for growth in Ireland's main trading partners.