Oireachtas Joint and Select Committees

Tuesday, 17 September 2019

Committee on Budgetary Oversight

Pre-Budget Scrutiny: Minister for Finance

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

Let me know if I ask anything that has been asked.

I want to ask about the overall position and scenario B on page 26 of the summer economic statement wherein the Minister outlines that, in a disorderly Brexit scenario, the indicative deficit could range from -0.5% to 1.5% and the amount the Government would spend to result in those outcomes. Why did the Minister go with a range for the deficit? Is the €2.8 billion based on a 0.5% deficit or worse? What does the Minister envisage being the package in the event of the outturn being a deficit of 1.5%? Could he explain that?

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