The Governor of the Central Bank has said the Government should stick within the parameters already set out for the upcoming Budget.

Gabriel Makhlouf said that going beyond the parameters could add to inflationary pressures.

In an interview with RTÉ News, Mr Makhlouf also said that €8 billion of corporation tax should be saved and not spent.

Earlier this week the formal pre-Budget letter from the Governor of the Central Bank to the Minister for Finance was published.

It was written in July but the Governor said he would not change any of the advice it contained.

He repeated his advice that any relief from the energy crisis should be temporary and targeted.

Spending overall should be limited to what the Government has already set out in the Summer Economic Statement, Mr Makhlouf stated.

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