“Today marks a significant milestone for Ireland. EU Finance Ministers have formally endorsed Ireland’s Medium-Term Fiscal and Structural Plan this morning at our monthly meeting.

“This Plan, developed alongside Minister for Public Expenditure, Infrastructure, Public Service, Reform and Digitalisation Jack Chambers and adopted by the Irish Government, sets out a clear and credible fiscal path for Ireland within the EU framework and is grounded in three pillars: sustainability, resilience, and readiness.

“In a world of real economic uncertainty, from global trade pressures to geopolitical instability, Ireland has a clear multi-annual framework within which we can plan, invest in housing and infrastructure while reforming public services we rely on and delivering a tax system that works for working people.

“I would like to thank the Commission for their support in the preparation of the Plan and for their assessment.

“We are the first Member State to submit a revised Plan and, overall, reflecting on our experience, this has proven to be a very useful and important tool for us.

“The new Plan provides fiscal and policy certainty in a very uncertain world and sets out a framework within which responses to these challenges can take shape. I welcome the endorsement of the Plan today.”