Minister for Finance statement on Dáil votes

18.05.17

Minister for Finance statement on Dáil votes

The Minister for Finance Michael Noonan T.D. notes today’s votes in the Dail on the various motions in relation to proposed changes to the fiscal rules with a proposed consequential delay of a sale of a stake in Allied Irish Banks. He notes that Labour’s Private Members Motion was passed by the Dail.

Private Members Motions are not legally binding on the Government and the Government’s position was set out by the Minister in the Dail debate on these motions last week. The Government position remains unchanged. The Programme for a Partnership Government clearly allows the Minister to sell up to 25% (plus greenshoe) of Allied Irish Banks up to the end of 2018. The Minister has consistently stated that any sale of Allied Irish Banks will be based on advice from his officials and advisers based on market conditions and maximising value for the taxpayer. 

ENDS

18 May 2017

For further information

David Byrne pressoffice@finance.gov.ie 086 026 7978