Budget reform proposals approved

Finance Minister Michael Noonan and Public Expenditure Minister Paschal Donohoe have welcomed Government approval for proposals which they have jointly developed for the reform of the budgetary process – a key element of the Programme for a Partnership Government.

The new approach is designed to meet the requirement for a major intensification of dialogue and interaction with the Oireachtas on budgetary matters.

The proposals include:

  • The publication of the Government’s Spring/Summer Economic Statement in June;
  • Holding the National Economic Dialogue at the end of June;
  • The publication of a Mid-Year Expenditure Report in July for the first time; and
  • Circulation of the Tax Strategy Papers to the relevant Sectoral Oireachtas Committees in late July.

 

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The proposals will be submitted shortly to the Select Committee on Arrangements for Budgetary Scrutiny. As part of the engagement with the Houses of the Oireachtas on this issue, Ministers Donohoe and Noonan will make themselves available to the Select Committee on Arrangements for Budgetary Scrutiny to discuss the proposals. The first meeting of the Committee is expected to take place in the coming days.