Minister for Finance Michael Noonan shortly before his Budget 2015 speech, at Government Buildings in Dublin, today. Photograph: Dara Mac Dónaill/The Irish Times 6:13

A Cheann Comhairle,When the Government took office in March 2011 we set out a plan to regain control of Ireland’s fiscal and economic policies, to gro(...)

Department of Finance’s chief economist John McCarthy: “There is now concrete evidence that recovery is broadening, and by that I mean, domestic demand will for the first time make a positive contribution to growth.”

Ireland’s recovery is now being driven by a rebound in domestic demand, the Department of Finance’s chief economist John McCarthy has said.Until quite(...)

A year ago Minister for Finance Michael Noonan based his 2014 Budget on a two per cent rate of growth in gross domestic product (GDP). Last week, and(...)

“We believe that we do not need to make adjustments of a further €2bn. In fact we believe it would hinder as opposed to assist growth into the future,” he said.

A call by the European Commission to implement €2 billion in budgetary cuts would hinder rather than assist growth, according to Minister for Public E(...)

 Minister for Finance Michael Noonan: has said  cuts of €2 billion will not be required to bring the budget deficit to 3 per cent by next year.  Photograph: Eric Luke/The Irish Times

The European Commission is putting renewed pressure on the Government to implement €2 billion in cuts in the coming budget, echoing the views of bo(...)

Minister for Public Expenditure Brendan Howlin and Minister for Social Protection Joan Burton:  The shift in emphasis from the sunny pronouncements of July and August has been striking as the autumn political season belatedly got underway. Photograph: Cyril Byrne/The Irish Times.

Remember Prudence? The darling of Gordon Brown is back in vogue as the Budget nears despite news that there is apparently no longer any need for a new(...)

Tánaiste Joan Burton has said no-one wants to return to economic cycles of “bubble and boom and bust”. Speaking in Dublin today after an Irish Fiscal Advisory Council report urged the Coalition to proceed with another tough budget next month.  Photograph: Alan Betson/The Irish Times.

Tánaiste Joan Burton has said no-one wants to return to economic cycles of “bubble and boom and bust”. Speaking in Dublin today after an Irish Fiscal (...)

Minister for Finance Michael Noonan at Government Buildings in Dubolin before he introduced last year’s budget. The Irish Fiscal Advisory Council believes the safest course in the upcoming budget is to implement the final instalment of the fiscal consolidation plan agreed with the troika in 2011, and then follow the less demanding requirements of the National Budgetary Rule. Photograph: Dara Mac Dónaill

In recent decades Irish governments have shown an unfortunate tendency to relax fiscal discipline in better economic times. Various interests h(...)

Minister for Public Expenditure Brendan Howlin and Minister for Finance Michael Noonan present the budget last year: Ireland’s consistent outperformance of budgetary targets has been  rewarded by the financial markets. Photograph: Bryan O’Brien

During the last decade policymakers in Ireland were far too optimistic: the boom was expected to continue forever and hubris set in. Since 2008 we hav(...)

Midway through the financial year many of Ireland’s key economic indicators have turned positive. The economy has expanded strongly in the first three(...)