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.

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

Tesco to increas pay rate for 250,000 workers by 10.5%

US stocks move higher after energy firms recoup losses

Sale of AIB shares a significant step for Irish taxpayers: Donohoe

US stock indexes hold steady as oil's dismal week eases


Today's Stories

Dungarvan, global home of Panadol, gets €8m investment

AIB flotation could net €3.4bn for State

Cork company partners to connect rural counties

New tourism minister comes at ‘pivotal’ time

Lifestyle

Move over, David Gandy — there’s a new crew of Irish men making their mark on the catwalk

The benefit of sport is more than just winning

Dublin Cookie Co is cooking up a business

Ask Audrey: I tried tantric sex with my yoga instructor once and we managed 47 minutes before the bus arrived at Parnell Place

More From The Irish Examiner