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

Sticking to the public finances, our medium-term objective is to have a balanced budget in structural terms by 2018. The Irish Fiscal Advisory Council made the point that that is an unnecessarily short period in which to achieve a balanced budget. Today, the IMF said that it could require a fiscal adjustment of about €7.5 billion between now and then in order to achieve that. Does the Minister have any intention of reviewing that timeline to achieve the medium-term objective of a balanced structural budget by 2018 and to lengthen it?