Economic Policy

Dáil Éireann Debate, Thursday - 12 February 2015

Thursday, 12 February 2015

Questions (67)

Thomas P. Broughan

Question:

67. Deputy Thomas P. Broughan asked the Minister for Finance the major economic public policy objectives he will address in the proposed spring financial statement. [6394/15]

Written answers

Minister for Finance

Under European Council Regulation 1175/2011, each Member State is required to present an annual update of its Stability Programme to the European Commission and European Council by end-April.

The Stability Programme Update (SPU) sets out the Government's budgetary objectives and the main economic assumptions underpinning them over the medium term. 

This year, Ireland's SPU will be accompanied by a Spring Economic Statement (SES). The SES will set out in broad terms the Government's economic priorities and fiscal strategy over the medium term. The Government envisages that the SES will become an important part of the annual budgetary cycle.