Oireachtas Joint and Select Committees

Tuesday, 17 September 2019

Committee on Budgetary Oversight

Pre-Budget Scrutiny: Minister for Finance

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

Yes, in an orderly Brexit. I opted for a range because we are dealing with an unpredictable event. It will be important that, if we are dealing with the consequences of an event like this, we are able to establish a path for recovering our deficit back into a balanced position and an eventual surplus. We will have to do that nearer the time but there is significant unpredictability in dealing with this kind of an event. I do not want to be in a position where I am laying out an exact deficit figure here that it turns out we have got wrong through failed attempts to model something that is very unpredictable.

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