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Saturday 3 December 2016

Spring Economic Statement is better in summer - Noonan

Published 03/06/2016 | 02:30

Finance Minister Michael Noonan. Picture: Tom Burke
Finance Minister Michael Noonan. Picture: Tom Burke

Finance Minister Michael Noonan has indicated he would like to see the Spring Economic Statement moved to summer.

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In a submission to the new Budget Scrutiny Committee, Mr Noonan and Public Expenditure Minister Paschal Donohoe propose what they describe as "a major innovation in empowering the Dáil to critique the budget allocations and priorities".

They promise to give Opposition TDs far more information in advance of budget decisions. This year's statement was postponed because of the lengthy period it took to form a government, but is due to be announced later this month.

And the ministers state that the Government actually believes this later date is now more suitable than the original April one.

"A key advantage of a mid-June publication is that key data for the calculation of the fiscal space and what needs to be done to comply with the fiscal rules are available," the submission says.

Irish Independent

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