Friday 18 August 2017

Spring is here but there's no bonanza

Finance Minister Michael Noonan made the point that he would have had more - around €2bn - were it not for the new EU budgetary rules.
Finance Minister Michael Noonan made the point that he would have had more - around €2bn - were it not for the new EU budgetary rules.
Editorial

Editorial

The danger in having something for everyone in the audience is that no one will be terribly satisfied with what they get. That is the risk the Government runs with its decision to have a 'Spring Statement' six months before the Budget.

It was a brave decision and a good one. The old system of keeping everything a secret until it was announced with a fanfare on Budget day - after a series of well-planned leaks - is not a good way to manage the national finances and increasingly out of line with elsewhere.

But it is not clear whether the Government's heart is really in it, or whether it is inspired just by the need to fight a General Election not too long after the October Budget.

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