Troika approves release of greater proportion of funding for job creation

The Government stated today that the Troika has agreed to provide extra money from the sale of state assets to re-invest in job creation.

The Government stated today that the Troika has agreed to provide extra money from the sale of State assets to re-invest in job creation.

Minister for Public Expenditure and Reform Brendan Howlin said the amount would be higher than than the 'one third' portion that was already agreed.

Ireland has successfully met all of its targets under the latest review of the bailout deal, and the next round of funding is now secure.

Minister Howlin said that the review of the deal will allow for extra investment to help create jobs in the economy.

"There is now an agreement that we will go beyond the one-third quantum," he said.

"A greater proportion, the exact quantum to be determined in the coming weeks, but a portion greater than one third of the total will be available to invest in job creation."

Tánaiste Eamon Gilmore earlier told Sinn Féin Deputy Leader Mary-Lou McDonald that the issue of economic growth will be tackled in the Troika's review.

"You're going to be disappointed again Deputy McDonald - that the script that you have pre-written for yourself this morning will not be followed," he said.

"This review by the Troika will address the issue and the need for this economy to grow into the future" he added.

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