Wednesday 20 September 2017

Brendan Keenan: Targets are sacrosanct but they look reachable

Michael Noonan in Luxembourg for a meeting of EU finance ministers this week
Michael Noonan in Luxembourg for a meeting of EU finance ministers this week

THE Department of Finance has a reputation as a party-pooper. One can assume, though, that it will try its best not to poop the little party which shows signs of coming to life in the economy.

It is all to do with the unexpectedly good performance in the first six months of the year. That was driven by exports, rather than activity at home, but growth is growth when it appears in market headlines or the IMF targets.

Those targets are what matter most to the department and Minister Michael Noonan. They also matter to his colleagues, and the rest of us, because of the impact on the tax rises and spending cuts in the December Budget.

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