Sean Whelan: How real is Michael Noonan’s €12 billion?

There is not as much money available as everyone seems to think

31st January, 2016
"But who to believe? There are many moving parts, and they keep moving, which makes it very hard for the rest of us to keep up with."

How much money will the next government have available to do new things with?

Last weekend, Minister for Finance Michael Noonan said it would be €12 billion. Other political parties and various newspaper have pointed to the small print down the back of Budget 2016 and said it will be more like €8.5 billion.

Now IFAC chairman John McHale says it’s going to be more like €3.2 billion, fleshing out the Fiscal Council’s criticism from last...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Proposal for expert panel to review capital projects over €100m

State body to reissue €28m office supplies contract

Sinn Féin open to coalition deal, but on condition of border poll

Fine Gael ‘will go to war’ if Bailey runs as independent