THE LATEST REPORT on Ireland’s fiscal performance by the European Commission, European Central Bank and International Monetary Fund will take place later today.
The Minister for Finance Michael Noonan has already indicated that the country is still on track to meet targets, ahead of the announcement by representatives from the troika, Reuters reports. Ireland has passed all of its reviews to date.
The processes of bank capitalisation and restructuring are thought to be running slightly ahead of targets, while government income and the budget deficit appear to be hitting goals, RTÉ reports.
Noonan said that the government will work towards reducing the budget deficit to 8.6 per cent of GDP next year.
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