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Michael Noonan at the Fine Gael national conference in Limerick. Laura Hutton/Photocall Ireland

Noonan on Budget 2014: ‘You’ll be astounded at all the good news I’ll be announcing’

The Finance Minister has told delegates at the Fine Gael national conference that the Budget on Tuesday is going to “reasonably tough”.

Updated 1.10pm

FINANCE MINISTER MICHAEL Noonan has said that people will be “astounded at all the good news I’ll be announcing” in the Budget on Tuesday afternoon.

Speaking to delegates at the Fine Gael national conference in Limerick, Noonan said that it will not be enough to get out of the bailout at the end of the year saying: “We have to get out and stay out.”

The Minister said that the country is fully funded into 2015 even without any additional borrowing and dropped a hint that Ireland may not need a precautionary credit facility when it exits the Troika programme.

This came after similar comments from the EU economic commissioner Olli Rehn last night.

At the end of his speech Noonan said he looked forward to people tuning into his Budget speech on Tuesday and said: “You’ll be astounded at all the good news I’ll be announcing!”

Earlier in a discussion involving other senior ministers and Fine Gael backbenchers, Noonan said there are still “bits and bobs” to work on in the Budget ahead of next Tuesday’s announcement but that a lot of the “heavy lifting” will be done with a growing economy.

Noonan said: “We have to continue meeting the targets imposed on us through the bailout and that means that this Budget will be reasonably tough.

“But this year we had a bit of room to ease back a little… and we promised people we would ease back a little.”

Noonan said that the government is aware of how “fraught” life is for a lot of families, adding: “A lot of individuals are on the edge, so we will be very careful in the adjustments.”

‘Bits and bobs… bells and whistles’

Asked by chair, Fine Gael MEP Mairead McGuinness, if the Budget is 99 per cent done, Noonan joked: “Ah there’s bits and bobs, you know…. some bells and whistles.”

Noonan also said that it is important for the government to have a “new blueprint for the economy” so as that the country does not go from “boom to bust, from boom to bust, from boom to bust”.”

He said: “During my time in politics we’ve seen good times, but we’ve seen an awful lot of bad times. Previously when the economy went into recession the solution was to get back to where we were before we collapsed. Now, that’s not a solution this time.”

He said that going back to where the country was before the economic collapse would result in “insolvent Ireland” and “broke banks”.

The Minister said that the property bubble “sucked the credit lines out of the economy and all the available credit went into development and speculation but the credit lines then weren’t there for the job creation, the manufacturing or services and so on”.

“What we are planning to do is that as we get out of the bailout at the end this year we’ll have a new blueprint for Ireland and it will have all the ideas that other Ministers are advocating,” Noonan added.

On the Budget he added: “While it’s still difficult, we know now that we can do it, we know now that the economy is stable again and growing”.

First published 12.29pm

Read: After a tumultuous year, Fine Gaelers descend on Limerick to take stock

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144 Comments
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    Mute Neil McAuley
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    Jan 24th 2013, 11:30 AM

    I’m astonished that the figure is as high as one in ten. I would have thought one in 1000 would be far more realistic.

    130
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    Mute Lord Loverocket
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    Jan 24th 2013, 11:39 AM

    Mostly unethical parasites who care nothing for their country or countrymen.

    101
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    Mute Fukface
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    Jan 24th 2013, 12:14 PM

    Spot on, I’m surprised the UN hasn’t sanctioned Ireland for slave trading, as we seem to be exporting and importing people like its gone out of fashion.

    69
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    Mute GatheringYourMoney
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    Jan 24th 2013, 12:36 PM

    We have no government.
    We only have Stoogeen receivers, put in place by the corrupt/criminal Banking “elites”.

    88
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    Mute ThomasFrancisMeagher
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    Jan 24th 2013, 2:00 PM

    Who are these 10%? & can you give me a loan, I promise I’ll pay you back.

    35
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    Mute Ronan Stokes
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    Jan 25th 2013, 12:46 AM

    A Vichy govt, thats all we have.

    3
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    Mute Steven_Reagan
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    Jan 24th 2013, 11:35 AM

    What do they expect. We’ve had broken promises from this Govt. The one of the last thirteen years featuring Brian Cowen, Ahern and Micky Martin was a poster case for duplicity and will tie up the courts for decades to come. Prior to that we had Reynolds and Haughey and a hundred others. One in Ten, how is is that high.

    61
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    Mute John Duggan
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    Jan 24th 2013, 12:48 PM

    I’d say the business leaders are distraught. They’re only accountable to their shareholders, and rightly so.

    6
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    Mute Dermot Purcell
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    Jan 24th 2013, 1:09 PM

    Whats happening here Michelle at the journal another another excellent article in one day.

    4
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    Mute vv7k7Z3c
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    Jan 24th 2013, 1:13 PM

    Dermot, are you suggesting that not all of my articles are excellent? :P

    29
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    Mute Dermot Purcell
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    Jan 24th 2013, 1:22 PM

    Michelle not suggesting that for a minute but I am waiting on the article on judicial corruption ,please do not let me have to wait to long.

    7
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    Mute Fukface
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    Jan 24th 2013, 2:26 PM

    Hands off!! I saw her first Dermot. Hey Michelle is that the only picture of you online or is there one with a better resolution? btw

    3
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    Mute Mike Clinton
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    Jan 24th 2013, 11:44 AM

    I wouldn’t believe on word uttered from their mouths and I have zero faith in this so called government.
    I seriously (like a fool) actually believed they would follow through on half the promises and voted on a *anything but ff* basis.
    I will never ever as long as I exist on this planet vote for anything to do with this shower.

    59
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    Mute shay o'reilly
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    Jan 24th 2013, 11:58 AM

    Mark, though he was pretty clear, never again , mind you I include Finn fail in that too, and labour, to me their all self obsessed , cowardly, and date I say it , creepy

    40
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    Mute Steven_Reagan
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    Jan 24th 2013, 12:20 PM

    people voted this Govt. in because while they are crap and woeful they are still better than Fianna Fraud, being better than FF is easy but it still doesn’t mean that people should support you.

    24
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    Mute Eileen Gabbett
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    Jan 24th 2013, 12:27 PM

    Well said Mike . There is nothing they can do or say ever again that will
    have me believe them, FF ,the Greens are also in the same category ,

    23
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    Mute Mike Clinton
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    Jan 24th 2013, 12:32 PM

    @ mark/paddy/michael j etc.
    Are twitter copping on to your false accounts and the complaints of your constant trolling and verbal bullying.
    Why should I stoop down to your level to explain myself to you.
    You are a known and reported troll and perhaps (with the exception of the idiots you are paid to protect) a gobsh*te.
    Now there’s a good little boy/girl and crawl back under your rock.

    33
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    Mute Julie
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    Jan 24th 2013, 12:00 PM

    The only media you can trust is social media , people don’t trust businesses but media is a business there not doing it just so we can have information they want to make a profit, so if you don’t trust business don’t trust media, media is the most ruthless business of all , did the media do any investigative journalism during the boom while our politicians screwed us ! NO ! Wake up we have a biased media !

    43
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    Mute Patrick Devaney II
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    Jan 24th 2013, 4:50 PM

    Glad to see somebody has brains on here.

    The media just tries to brainwash us. The church got away with it for a long time and still are with some people.

    7
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    Mute shay o'reilly
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    Jan 24th 2013, 11:34 AM

    Companies are PLCs mostly, focus on short to medium term goals, and shareholders are brain washed onto allowing directors receive excessive pay and pensions,
    A head of a bank in Ireland is not the same as a head banker in England or France , most of them wouldn’t get a job elsewhere on that money??? At lest that is the perception

    28
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    Mute fergus
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    Jan 24th 2013, 11:49 AM

    Like this mornings statement about wind power and 30000 jobs absolute bulls***e.Pet rabbit the turbines won’t be built on everycross roads in the country more lies.

    26
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    Mute Damocles
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    Jan 24th 2013, 11:40 AM

    People don’t trust the government that they themselves elected?

    26
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    Mute Mark Dennehy
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    Jan 24th 2013, 12:00 PM

    Not when they immediately turn round and not only forget their normal pre-election promises (which we’ve come to accept as par for the course — which says a lot in and of itself), but also the pre-election committments they publicly signed up to (like college fees, where Labour made great PR hay from signing pledges before the election) and even their basic party platforms (ike burning senior bank bondholders, which was in both parties’ pre-election manifestos).

    I mean, you might *think* you elected this government, but it’s hardly the government you voted for…

    52
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    Mute Eileen Gabbett
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    Jan 24th 2013, 12:30 PM

    Not when they lied to us to get into power…
    Never again. FG ,FF, Lab, Greens. NEVER .

    41
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    Mute Damocles
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    Jan 24th 2013, 12:54 PM

    Actually Mark I didn’t vote for this government. The candidate I voted for as number 1 got in and isn’t part of the government.

    But among those many that don’t trust the government will be people who did and will trot into the polling office and vote for FG and Lab … and then say they don’t trust them.

    It’s bizarre.

    8
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    Mute tom
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    Jan 24th 2013, 3:30 PM

    many vote for best of a bad lot and know from past experience it will be FF or FG in power with a deal with smaller party.

    5
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    Mute Slap'stick Ireland
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    Jan 24th 2013, 12:12 PM

    ACCOUNTABILITY! is key. Until that happens, expect more of the same old “lies for votes”. We (the public) have a responsibility. Thinking otherwise, would be an illusions.

    25
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    Mute shay o'reilly
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    Jan 24th 2013, 11:43 AM

    Government lol, still roughly same numbers, allowed senior civil servants include bonus thus avoiding 10 recent pay cut, why go on ? But who the hell do you vote for

    23
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    Mute Andrew Brennan
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    Jan 24th 2013, 12:27 PM

    One in 10? That many!

    21
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    Mute Ed Appleby
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    Jan 24th 2013, 1:02 PM

    I’m amazed that’s it only 1 in 10, says all you need to know about the majority of people in Ireland when it comes to electing their nepotistic politicians, parish pump is alive and well! Irish politics can be summed up thus…government of the gombeens, by the gombeens, for the gombeens!

    19
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    Mute Mike Clinton
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    Jan 24th 2013, 1:32 PM

    During the last election campaign kenny and gilmore etc “talked the talk” but when it came to “walking the walk” they turned out to be lame ducks .
    They pulled off the biggest con job in the history of the state.

    16
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    Mute Steven_Reagan
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    Jan 24th 2013, 1:34 PM

    Exactly. FF/FG/Lab are still getting about 60% of the vote. One in five say they will vote for FF, a party that has proven to be a malign cancer in our society again and again and incapable of reform.

    18
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    Mute shay o'reilly
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    Jan 24th 2013, 1:47 PM

    Geldof was right, banana republic,
    arse licking peasants on the periphery of Europe

    22
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    Mute Dave Gaughran
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    Jan 24th 2013, 12:40 PM

    Sad and shocking statistics for our country.

    The only solution I see is for RTE to make more TV programs with more entrepreneurial spirit like,

    Feargal Quinn fixes your hospital
    Feargal Quinn teaches you how to cook (efficiently!)
    Fealgal Quinn’s Animal Hospital (pet cemetery more like it!)
    Feargal Quinn’s guide to mental wellbeing (on the cheap)
    Fealgal Quinn’s guide to cheap funerals and
    Fealgal Quinn’s The Joy of se* Nah, step too far.

    19
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    Mute Stephen Church
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    Jan 24th 2013, 11:33 AM

    Trusting the media and government more than business is a dangerous road to go down

    18
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    Mute Martin Mac
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    Jan 24th 2013, 12:14 PM

    Trust neither vote for independents and don’t buy or believe newspapers. Very simple. People power will always win we just need to stick together.

    53
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    Mute mattoid
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    Jan 24th 2013, 1:48 PM

    Do you trust independents like Pinkie Wallace and Healy-Rae?

    16
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    Mute Dodzer33
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    Jan 24th 2013, 3:04 PM

    Big march on the 9th February in town … Unfortunately organised by SIPTU but a march none the less …. People power is our only chance now ..,, get these fools out….

    21
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    Mute Damian Moran
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    Jan 24th 2013, 6:48 PM

    The unions are a big part of the problem would put me off going I don’t support them in any way.Their as bad as the politicians.

    17
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    Mute shay o'reilly
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    Jan 24th 2013, 9:27 PM

    Stephen, trust business , no way, have you forgotten banks and property developers hold the greatest level of responsibility for this mess, followed closely by government and our watch dogs

    7
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    Mute Tony O'Sullivan
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    Jan 24th 2013, 12:48 PM

    The only one in the world you can trust is your mother…when she’s sober.

    17
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    Mute john dilllon
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    Jan 24th 2013, 11:39 AM

    Shock horror ! Always trust the journal ..hope u ain’t lying too me ..girrrr

    16
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    Mute Derek Durkin
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    Jan 24th 2013, 12:20 PM

    “How can people trust the harvest, unless they see it sown?” – Mary Renault

    16
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    Mute Johnnathan Biskalero
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    Jan 24th 2013, 5:53 PM

    Who could trust the bunch of EU lapdogs ? I mean they are a an absolute joke to this nation…….LEAVE THE EURO !!! and dump Kenny and the rest of the goons in Brussels

    13
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    Mute john g mcgrath
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    Jan 24th 2013, 1:46 PM

    David Higgins must be on holidays

    13
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    Mute JakkiB
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    Jan 24th 2013, 2:22 PM

    Until they start locking up those that are corrupt there will be no major investment in this Country, Outsidrrs looking in wouldnt trust us an inch and who could blame them

    12
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    Mute Michael
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    Jan 24th 2013, 12:49 PM

    Yet we continue to want government involvement in healthcare etc.

    If we’re never going to trust them, why do we continue to vote for the status quo each election?

    9
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    Mute tom
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    Jan 24th 2013, 3:15 PM

    What is the choice we all know FF or FG will get in with a deal with a smaller party.

    2
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    Mute Toby Parker
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    Jan 24th 2013, 6:08 PM

    Would be interested to see the figures in how many people actually hate this Govt and would vote them out (or worse) if given the chance.

    9
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    Mute Ger O'Connor
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    Jan 24th 2013, 10:53 PM

    Eamonn Gilmore accused Aherne,Biffo & McGreevey of economic treason before he got into government ,then he lied and was shown up for it on video tape in Mullingar, Now our great Labour (HA HA ) Leader punsihes the people at the bottom of society and he and his wife rip us off with large pay packets. I hope the Unions have seen through the Workers Labour Party WHAT A JOKE OF A GOVERNMENT

    5
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    Mute Frank2521
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    Jan 24th 2013, 5:51 PM

    Businesses just follow the example of government – the government feed us horse sh-t and businesses follow with horse meat. We accept whatever we are fed.

    5
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    Mute Dan AirportTaxi
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    Jan 25th 2013, 10:16 PM

    Politicians and bankers can’t be trusted.

    Further details by searching in Google for ‘Windle stops swindle’

    A Chara

    A Taxi Driver

    2
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    Mute Maurice Dodd
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    Jan 24th 2013, 7:17 PM

    i never trust lying ratcatchers

    1
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