Minister Noonan publishes bill to enact fiscal treaty
MINISTER for Finance Michael Noonan has published the bill which enacts the fiscal treaty and the establishment of the Irish Fiscal Advisory Council.
The Fiscal Responsibility Bill 2012 implements the provisions of the fiscal treaty accepted by referendum at the end of May.
Minister Noonan said that the fiscal treaty rules are "sensible and prudent and represent a responsible approach to budgeting."
The bill, when enacted, will provide for the implementation of Articles 3 and 4 of the fiscal treaty.
The other articles of the treaty are binding obligations under international law.