Balancing act required by Chancellor in 2016 budget
The Institute for Fiscal Studies believes the Chancellor, George Osborne's pledge to run a budget surplus "in normal times" from 2019-20 was simple but "very inflexible".
The consequences could mean significant tax rises with litle or no prior warning.
The next Budget is 16 March.
The IFS publishes its annual Green Budget document ahead of the actual Budget every year, highlighting economic conditions and challenges.
The Bank of England has reduced forecast for growth this calender year to 2.2%, a a cut from 2.5% which had been predicted in November last year.
The economic turnaround is proving to be slow and arduous, as many economists had predicted. But this slow growth continues to cause havoc within certain sectors such as construction, retail and manufacturing, as reported last week.
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