The IMF has warned that Ireland faces significant risks that could affect our ability to repay an aid loan.
The International Monetary Fund also forecast we would miss achieving a 3% deficit of GDP by 2015.
The comments come in a staff report issued a day after it approved a €22.5 billion loan for Ireland as part of an €85 billion bailout.
The group said that downside risks are significant stemming from deflationary tendencies, overstretched balance sheets and adverse fiscal and financial feedback loops.
The EU is giving Ireland until 2015 to get its budget deficit below a bloc limit of 3%of GDP.
But the IMF said it forecast the deficit to reach 5.1% of GDP by 2014 and 4.8% by 2015 without further fiscal measures.
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