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.
Chief Economist with the F-A-C Thomas Conefrey, says the council is satisfied with these figures:
