Sean Barrett (Independent) | Oireachtas source

2008, yes. Well, I'll give it to you again: the Department advised the Minister that economic growth would recover after allowing for a 45% decline in housing completions to 45,000 a year and a further decline of 23% to 33,000 units in 2009. And the earlier work had been, in 2004 ... that every 10,000 reduction in housing output would cost the Government €500 million in ... in revenue.