The council has released its second Pre-Budget Statement ahead of Budget 2016, which will be announced by the Finance Minister next month.
The F-A-C also said that the Government's proposed figure for tax cuts and spending of 1.2 to 1.5 billion euro lies under the estimated growth potential of the economy.
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Chief Economist with the F-A-C Thomas Conefrey, says the council is satisfied with these figures:
