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.

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