Simon Harris responds to warning Ireland is budgeting ‘like there’s no tomorrow’

Simon Harris said he would submit a medium-term economic plan by the end of the year (Conor O Mearain/PA) - (PA Wire)

Tanaiste Simon Harris has said the Irish economy is “in a position of relative strength” after a watchdog said the Government is “budgeting like there’s no tomorrow”.

The Irish Fiscal Advisory Council (IFAC) warned there was a lack of long-term planning and the Government was not saving enough corporation tax windfalls to prepare for future budgetary pressures.