Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Noonan confirms Budget adjustment is going to be 'slightly ahead of €2.5 billion'

Speaking on his way into the Cabinet meeting this morning Noonan said that the Budget adjustment of tax increases and expenditure cuts will be “slightly ahead of €2.5 billion”.

http://www.youtube.com/watch?v=NYM_yCDXx2w

FINANCE MINISTER MICHAEL Noonan has said that “somewhere north of €2.5 billion” will be taken out of the economy in the Budget to be announced this day week.

Speaking on his way into the Cabinet meeting this morning Noonan said that the Budget adjustment of tax increases and expenditure cuts will not be the planned €3.1 billion but “slightly ahead of  €2.5 billion” instead.

He said that “significant savings” from the decline in the numbers on the Live Register as well as from the National Treasury Management Agency mean that there is a “good bit” of wiggle room.

Noonan told reporters: “I’ve been saying that now for several months, that we can achieve our targets by not going the full way to 3.1 [billion euro] because there are other savings in the system, which can be reckoned as part of the adjustment.”

Asked about whether the Troika had agreed to what the government is proposing Noonan said that the State’s lenders “know the general approach”:

Videos: TheJournal.ie

Video: Nicky Ryan at Government Buildings

Quinn on Budget 2014: ‘We want to minimise the suffering as quickly as we can’

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
70 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds