Ireland's finance minister said he planned to issue a long-term economic plan aimed at keeping the country on track after the strictures imposed by a bailout are removed next year.
Michael Noonan said he and spending minister Brendan Howlin were working on the new plan, which will run from 2014 to 2020, and that it would include fiscal targets and initiatives the government will pursue help the economy grow. "We'll exit the programme at the back end of this year. When we leave the programme we won't have that kind of discipline within our system anymore", Noonan told a parliamentary committee, referring to the quarterly reviews Ireland is subject to under the €85 billion rescue package.
"I want to make sure that because of looser arrangements, we don't lose impetus so we are going to bring forward an economic plan which will take us from 2014 to 2020, and be quite specific in the early years where different tasks will have to be done, maybe against a looser deadline that in the bailout."
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