The government's planned budget for 2016 is set to come under scrutiny by members of the European Commission, the European Central Bank and the International Monetary Fund amid concerns that the the financial plans for next year might not balance the books. 

The representatives of the Troika will be in Dublin for a week long visit from Monday, and will meet with officials at the Department of Finance, the Central Bank and the main banks in the country. 

According to The Irish Times, the visit from the Troika is a scheduled one, as the terms of Ireland's bailout included "surveillance visits" until Ireland pays back 75% of the loans that were issued to them, which will be a lengthy process. 

The budget, in particular, will be subject to scrutiny amid concerns from the ECB that this year's budget contained "insufficient focus on structural reforms and debt reduction". 

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The EU has already demanded that Spain implement stricter spending cuts after they submitted their draft budget in October, while measures of austerity have seen Portgual's government grind to a halt. 

Meanwhile, the IMF have been urging caution, in particular in the Euro Zone, as they warn of the possibility of another recession, while members of the opposition also voiced their concern over the budget.

Green party leader Eamon Ryan stated "they have learnt nothing from the boom and bust, and done nothing to reform how public money is spent. They are trying to win the election by bribing people with the return of some of their own money. Have we learnt nothing at all?". 

While Ireland has experienced a growth rate well above the European average, and is forecast for more good news on that front next year, the European Commission has warned that rate will not be able to continue beyond that, and the spending plans from the government in October's document need to reflect that. 

Via The Irish Times