Oireachtas Joint and Select Committees

Wednesday, 26 September 2018

Committee on Budgetary Oversight

Ex-ante Scrutiny of Budget 2019: Minister for Finance

1:30 pm

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

According to the figures to date, a shock in the form of either a very hard or disorderly Brexit would be equivalent to three quarters of a point to a full point of national income growth over a period. My expectation is that if we were faced with a disorderly Brexit, that shock would materialise over the year as opposed to over a number of years. Regarding the impact of that on the budget overall, it would just be one of a number of systemic issues with which we would then need to deal.

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