Monday 5 December 2016

Siobhan Creaton: It won't be plain sailing for new Finance crew

Siobhan Creaton

Published 08/03/2011 | 05:00

Fine Gael's Michael Noonan is tipped for the post at the most powerful department in the State
Fine Gael's Michael Noonan is tipped for the post at the most powerful department in the State

FINANCE officials are bracing themselves for what promises to be the biggest ever shake-up of the most powerful department in the State.

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As they are trying to figure out how different their lives will be when two new ministers take charge tomorrow, taxpayers can only hope the new-look department will be better at managing the public finances.

So far we know the new Finance Minister will be a Fine Gael heavyweight, with Michael Noonan tipped for the post, who will be joined by another cabinet minister at that department, a Labour stalwart, possibly Joan Burton. The new Government's plan is that the Finance Minister will continue to be responsible for the budget process and for setting the economic and banking policies. Their ministerial colleague will then take over other crucial responsibilities such as managing the spending estimates for each government department and implementing public service reforms within a new and separate office.

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