Noonan must be wary of a giveaway budget
Later this month, Michael Noonan will deliver his inaugural Spring Statement. The
terms of reference for this new economic speech remain deliberately vague, but it is
clear that the finance minister will outline growth and deficit projections.
As outlined in this newspaper today, it is anticipated that Noonan will set a deficit
target of between 1 per cent and 1.5 per cent of GDP for 2016. Based on our
calculations, this would allow ...