Sunday 19 January 2020

Noonan: no mini-budget for 2012 despite leak

Fionnan Sheahan Political Editor

Finance Minister Michael Noonan last night dismissed talk of a mini-budget this year, after suggestions of more cuts to come in a leaked EU report.

The Government admitted it is concerned about the latest leaking of a document about the Irish economy.

The draft report by the European Commission suggested further budgetary measures may be needed here if economic growth did not improve.

The report was leaked from the German parliament -- the same source as another confidential EU report on the Irish economy late last year.

Taoiseach Enda Kenny said Mr Noonan had written to the EU economics commissioner Olli Rehn over the document.

Mr Noonan said the leaking was a "matter of concern to the Irish Government".

"It is a European working paper. It is not an Irish government document but the European Commission, when they provide information on a confidential basis they should ensure their procedures are sufficient to ensure confidentiality."

But Mr Noonan ruled out a mini-budget because the Government would reach its target of reducing borrowing this year to 8.6pc of economic output.

In November, there was a political row over a leak from the Bundestag finance committee of the Government's draft December Budget, showing the planned increase in VAT before the proposals had been seen by the Dail.

Irish Independent

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