Cabinet to hold discussions on new post-bailout economic strategy
The cabinet is to meet again next week to sign off on a new economic strategy for the post-bailout era.
Ministers discussed details of the proposed six year economic strategy at a special cabinet meeting at 8am in Government buildings this morning.
A Department of Finance spokesman said that the strategy had not been signed off on and would be going back to Cabinet again next Tuesday for further discussion.
The economic strategy will cover the Government’s remaining two years in office before the 2016 general election and go right up to the year 2018. It is expected to contain details of the Government’s job creation plans and measures to boost economic growth. There will also be a roadmap to show how the Government intends to keep reducing the deficit in the public finances, as already pledged by Finance Minister Michael Noonan.
The Government has already committed to reducing the deficit to 3pc of national income by 2015.