“Today’s figures are very welcome and highlight the strength of the recovery in the Irish economy that is well underway.
03.07.14Commenting on today Q1 GDP figures release by the CSO the Minister for Finance, Mr. Michael Noonan, T.D. stated:
Exchequer Returns to end June highlight the continued improvement in public finances with tax receipts continuing to grow and expenditure within profile
END-JUNE 2014 EXCHEQUER STATEMENT
24.06.14The Minister for Finance, Michael Noonan T.D., congratulated Revenue on their continued success in tackling cigarette smuggling.
The Minister for Finance, Michael Noonan T.D., today (24/6/2014) congratulated Revenue on their continued success in tackling cigarette smuggling. The Revenue Commissioners seized 32m cigarettes and 4,500kgs of water pipe tobacco at Drogheda – with a total retail value of approximately €14m.
Deposit Trends at Irish Covered Banks
May 2014 data
Deposit volumes remained stable in May 2014 at c.€155.1billion, with deposits increasing by c.€0.4 billion month-on-month; this increase was as a result of inflows from Corporates located outside of Ireland in addition to strong Retail inflows.
Commenting on the decision today by the European Commission to open a formal enquiry into a number of individual EU member states, a Department of Finance spokesperson said:
06.06.14Upgrade of Ireland to A- by Standard & Poor’s on Improved Domestic Prospects welcomed by the Minister for Finance
- Credit Rating upgraded to A- and outlook positive
- S&P forecasting average real GDP growth of 2.7% over 2014-2106
- Improved prospects for the domestic economy key driver of upgrade
- Early redemption of NAMA Senior Debt repayments noted
- Ability to attract high inflows of FDI expected to bolster Ireland’s real GDP growth recognised
Progress Report Update on the successful Special Liquidation of IBRC
Statement by the Minister for Finance
On foot of queries from media and in order to ensure accuracy and clarity, the Minister for Finance, Michael Noonan T.D., wishes to make a brief statement.
The SME Credit Demand Survey covering the period October 2013 – March 2014 was published today (3 June 2014) on www.finance.gov.ie. This survey series, currently being conducted by Red C on behalf of the Department of Finance, is the most comprehensive survey of SME Credit Demand in Ireland, covering 1,500 respondents and involving over 5,000 direct cal