Noonan: Ireland facing over two decades of budget inspections

Finance Minister Michael Noonan

Finance Minister Michael Noonan has confirmed that Ireland will have to remain subject to regular budget inspections for nearly two decades.

Minister Noonan said rules agreed by ministers last year will mean Ireland will have regular visits until 75% of our EU bailout loans are repaid.

Under our current timetable Ireland won't reach that target until around 2032.

The inspections will allow authorities in Brussels to propose possible changes to future Irish budgets, long after the bailout programme ends this December.

More in this Section

More than €4bn expected to be spent on Cyber Monday

Amazon beats record sales on Black Friday

You won't believe how much cash shoppers are expected to splash by the end of Cyber Monday

GAME has created a Black Friday simulator for gamers

You might also like

Today's Stories

‘Pay caps hamper recruitment’ according to Central Bank deputy governor

Eurozone's Single Resolution Fund may face month delay

Quinn Insurance collapse to cost another €912m

Women in business honoured by UCC's Alumni Achievement Awards


BIG READ: Sexism and fear keeping women away from Hollywood's top jobs

Eat your way to an illness free winter

Butt out when Dad’s in charge and let him do it his way

5 tips for a seamless desk-to-dance floor transformation this festive season

More From The Irish Examiner