Michael Noonan announces intention to step down as Minister for Finance 5 years ago

Michael Noonan announces intention to step down as Minister for Finance

It’s all happening in Fine Gael this week.

Michael Noonan has announced his intention to step down as Finance Minister and that he will not be seeking re-election at the next General Election.

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In a statement released on Thursday morning, Noonan said that he did not wish to be considered for Cabinet by Enda Kenny’s successor and that he believes that “now is a good time for a new Finance Minister to take up office”.

You can read the statement in full below.

Following the Taoiseach’s announcement yesterday, I want to state that I do not wish to be considered for Cabinet by his successor, whoever that may be.

I have been honoured to serve as Minister for Finance since March 2011 and have introduced 6 annual budgets and one supplementary budget.

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I believe now is a good time for a new Finance Minister to take up office.  Ireland is the fastest growing economy in Europe, the budget is almost balanced and we are on the cusp of full employment.

I will continue to carry out my duties as Minister for Finance until a successor is appointed.

I will not be seeking re-election to Dáil Éireann at the next General Election.  It has been a privilege to represent the people of Limerick since I was first elected in 1981 and I look forward to continuing to do so until an election is called.