Irish budget repeats 'boom-to-bust' mistakes, watchdog warns

The Irish government is repeating past economic mistakes by pumping money into an already strong economy, a budget watchdog has warned.

On Tuesday, Finance Minister Jack Chambers announced a budget package of spending increases and tax cuts.

The Irish Fiscal Advisory Council said this will add to inflationary pressures and widen an underlying budget deficit.

It added that the country needs "a more serious vision that delivers on the economy's needs without repeating the boom-to-bust pattern of its past".