Oireachtas Joint and Select Committees

Wednesday, 18 April 2018

Committee on Budgetary Oversight

Stability Programme Update: Discussion

3:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will have Commission figures on that in two weeks. If I use the benchmark of the figures that were available last year in the economic statement, then we are talking about a gross figure of €3.7 billion dropping to €3.2 billion because of the rainy day fund, to which I am still committed. If I look at the fiscal smoothing effect of the figures that I communicated yesterday, they are equal to between €2 billion and €2.1 billion, in the context of smoothing capital expenditure into space. Those figures are very approximate at the moment.

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