Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

In light of Mr. Moran's acknowledgement that the forecasts for this year and next year will have to be revised downward - I presume this will also be the case for 2014 - there is no doubt but that both the public finances and the adjustment path that has been set out in respect of 2015 will be impacted upon. Will the revisions in question have an impact on the forthcoming budget? Is it still the Department's position that €3.5 billion is the appropriate adjustment in order to get us to the required deficit figure for next year?