The Fiscal Compact. The Fiscal Compact also known as the Treaty on Stability, Coordination and Governance in the EMU came into force on 1st January 2013. It binds only the EU states which have ratified it on that date and later binds States which ratify it afterwards. The Treaty applies both to states which are […]
Category: Finance
Annual Process
Annual Process In [ June] of the preceding year, the Minister for Finance prepares the budgetary strategy memorandum for the government setting out the Department of Finance’s medium-term assessment of budgetary and economic matters. It reviews the current year and compares projections of revenue and expenditure in maintaining public services for each of the three […]
Financial Procedures
Overview The estimates are prepared in each financial year. The process is still largely annual although certain elements of capital expenditure operate on a multi-annual basis.They must be prepared and presented to Dáil Éireann. This is done by the annual presentation of the White Paper on receipts and expenditures usually the week before the budget. […]