The Irish Fiscal Advisory Council has also recommended a reduction in the planned Budget package amid “high uncertainty”.

It said the planned package of 9.4 billion euro for Budget 2026 “is not appropriate” given the economy is still performing well.

The watchdog has recommended a more restrained approach which would help “avoid overheating the economy” and “leave room to respond to future downturns”.

Seamus Coffey, chairperson of the Council, said: “The Irish economy is in a strong position, despite high uncertainty.

“As a result, this is not a time for a large budgetary package. That should be reserved for periods where the economy is weak and needs support.”

The Council says that Ireland’s economy is performing strongly, with record employment and robust consumer spending.

However

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