03.04.13END-MARCH 2013 EXCHEQUER STATEMENT Tax Revenue and Expenditure in line with targets at End-March 2013
The Exchequer Statement for the first quarter of 2013 was published today (Wednesday, 3rd April 2013) by the Department of Finance and the Department of Public Expenditure and Reform. The Exchequer Statement shows that the Exchequer deficit at end quarter 1 2013 stood at €3,695 million, €568 million lower than quarter 1 2012.
“The National Treasury Management Agency’s (NTMA) syndicated issuance today of a 10 year bond maturing in March 2023 is a very important step in the State exiting the Programme of Assistance. This 10 year bond is a new benchmark bond and it is particularly pleasing that there was such strong demand for this benchmark bond with over 400 separate orders of €13 billion for €5 billion of issuance.
12.03.13Publication of the Mercer Review of Remuneration Practices and Frameworks at the Covered Institutions
In line with the Programme for Government commitment and the public interest in the matter, the Government has today (12th March 2013) decided to publish the Mercer Review of Remuneration Practices and frameworks at the Covered Institutions.
The Eurogroup yesterday and Finance Ministers today discussed the state of play of the adjustment programmes in Ireland and in Portugal.
Both programmes are on track and performing well despite challenging macro-economic circumstances.
26.02.13Minister for Finance announces the ending of the Bank Guarantee (Eligible Liabilities Guarantee Scheme)
The Minister for Finance today (22nd February 2013) welcomed the publication of the 2013 Action Plan for Jobs (APJ). The APJ is a targeted ambitious set of actions that will enhance employment growth and further build on other recent positive developments such as the sale of Irish Life and the termination of the promissory notes.
Welcoming the Plan, Minister Noonan stated:
20.02.13Meeting between George Osborne, Chancellor of the Exchequer and Michael Noonan, Minister for Finance of Ireland
George Osborne, Chancellor of the Exchequer and Michael Noonan, Minister for Finance of Ireland met today (20 February 2013) in London as part of their on-going dialogue. This regular exchange of views between both Ministers is an indication of the close economic and financial bonds which exists between both countries
The Minister for Finance today (19th February 2013) confirmed that agreement has been reached with Great-West Lifeco (Canada Life) for the sale of Irish Life for €1.3 billion with an additional dividend of €40 million being paid to the State prior to completion.
The Minister for Finance, Michael Noonan T.D., today (13th February 2013) published the Finance Bill 2013 and Finance (Local Property Tax) (Amendment) Bill 2013. Details on both Bills are set out in the Notes to Editors below.