Noonan welcomes EU compliance assessment for Budget 2016

Noonan welcomes EU compliance assessment for Budget 2016
Michael Noonan. Pic: RollingNews.ie

Minister to maintain 'tight control of expenditure'

The Minister for Finance Michael Noonan this morning welcomed the EU Commission’s compliance assessment for Budget 2016.

He pointed out that the improvement in the structural balance (estimated by the Commission to be 0.9 per cent) is greater than the 0.6 per cent required under the rules.

Remarking on the risk identified by the Commission in relation to the expenditure benchmark, the Finance minister said "This is why we need to maintain a tight control...

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