Minister for Finance Michael Noonan has said he has "pencilled" in 21 April for the spring statement, which will contain growth and deficit projections.

The minister also reiterated that the Government would announce its review of personal insolvency legislation at the end of April.

He said he was open to suggestions about changes to the bankruptcy period, and said it may have merit in dealing with general debt, as opposed to addressing issues about people in mortgage arrears.

Earlier, Minister Noonan told the Dáil that there was a lack of analysis around the consequences of reducing bankruptcy period to one year and "if we act in haste we may not have the best consequence".

This evening, at the parliamentary party meeting he said he was open to suggestions and it was a matter for the Department of Justice.

At the Labour Parliamentary party meeting, Deputy Willie Penrose raised concerns about a Fine Gael ploy by some in the party to long-finger his bill to reduce the bankruptcy period from three years to one year.

He told the meeting that no one wants to go bankrupt and the banks had been rescued and people should be given a second chance.

Minister for Public Expenditure and Reform, Brendan Howlin reiterated that he is anxious that Deputy Penrose's bill is brought before the Dail before the Summer recess.