Senator Coghlan welcomes Budget 2016 compliance with EU rules

Government Chief Whip, Paul Coghlan has welcomed the news that Budget 2016 has been found broadly compliant with the rules of the Stability and Growth Pact at a Eurogroup discussion. Paul Coghlan Finance Minister Michael Noonan is confident that with the deficit falling well below 3% in 2015 Ireland will exit the corrective arm of the Stability and Growth Pact this year and that a balanced budget is within reach. Senator Coghlan says as the Government works to keep the recovery going, there is no doubt that reducing the deficit below 3% is an important milestone on Ireland’s road to recovery.