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Government Urged To Press Ahead With More Budget Cutbacks

The Nevin Economic Research Institute is reiterating its belief the government should make an adjustment of €800 million in the upcoming budget.

The economic think-tank says the figure is needed to ensure fiscal prudence and to avoid doing harm to Ireland's emerging economic recovery.

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NERI says despite recent positive economic growth figures, concerns remain around the high level of debt, weak credit conditions and unemployment.

In its quarterly economic observer, it says there's no room for a reduction in the overall level of taxation in the Budget and the focus should be on boosting employment and incomes.

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