"The Government continues to make big promises. This is driving up prices and making it harder for people to afford the basics. Price increases may have slowed, but there are many areas where pressures remain high," Seamus Coffey, the chair of the State's budgetary watchdog, said.
"If we are to learn from past mistakes, now is the time for the Government to stick to its own rule rather than to have to hit reverse later on, and potentially in the next recession."
"The Government might be forced to renege on its promises if things change suddenly," Ifac points out.
"With inflation having settled, and prices now appearing to be permanently higher, the Government needs to move away from temporary measures," it says.
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