Ireland to watch fiscal budget

The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.

In a speech on the current state of the Irish economy, he said it will be a major challenge to remain within the terms of the stability and growth pact next year and so it will be necessary to carefully manage public funds and to increase the efficiency and effectiveness of government spending

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