Budgeting for every eventuality

As welcome as the strong economic numbers published last week are, they are an extra pressure on Michael Noonan as he prepares Budget 2015.

21st September, 2014
Brendan Howlin and Michael Noonan will be careful to dampen down public expectations ahead of Budget 2014. Picture: PA

‘What’s small to one is big to another”. That is how Minister for Finance Michael Noonan described the different expectations among the public about how much they will get back in tax cuts in the forthcoming budget.

But with the publication of figures showing the economy growing at the fastest pace for seven years, his task of dampening down expectations just got harder.

Despite warnings about repeating the economic mistakes of...

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