- Unemployment rate falls in the 3rd Quarter to 9.1 per cent and falls further to 8.9% in October
- Employment volumes have risen by 56,000 (2.9%) over the year to the third quarter– the 12th successive quarter of annual employment growth.
17.11.15Minister Noonan welcomes CSO Data showing Unemployment rate below 9% for the first time since late 2008
17.11.15Minister for Finance welcomes European Commission’s positive assessment of Ireland’s Draft Budgetary Plan
The Minister for Finance has today (17th November) welcomed the EU Commission’s assessment that Ireland’s Budget for 2016 is compliant with the requirements of the Stability and Growth Pact and no changes are required to the Budget announced in October.
Commenting on the Commission’s assessment Minister for Finance Michael Noonan T.D. said:
The Minister for Finance today (17th November) welcomed the announcement from AIB which contains further details of the bank’s proposed Capital Reorganisation. The combined changes will see approximately €1.64 billion of cash returned to the State in the near term which enable us to further reduce our debt level.
Minister of State Simon Harris will today represent Ireland at the ECOFIN (Budget) Council on Friday 13th November in Brussels to negotiate with the European Parliament and Commission the European Union’s 2016 budget.
The Department wishes to put on record that it has fully cooperated with the IBRC Commission of Investigation and continues to do so. The IBRC Commission of Investigation has acknowledged this as recently as last Friday in a meeting with officials from the Department.
06.11.15The Minister for Finance welcomes AIB’s announcement of SSM approval for its Proposed Capital Reorganisation Measures
- The proposed Capital Reorganisation follows negotiations between the Department of Finance and AIB and will facilitate the first significant return of capital to the State. It also ensures that AIB will have a capital structure which is in full compliance with European regulatory requirements and is in line with market norms.
Comment from the Minister for Finance:
Minister for Finance Publishes Finance Bill 2015
The Minister for Finance, Michael Noonan T.D, has today (22nd October 2015) published Finance Bill 2015. The Bill gives effects to taxation measures announced in Budget 2016.
Commenting on the publication of the Finance Bill, Minister Noonan stated: