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

We will probably do it in a staged approach but we are debating that at the moment. If we continue in a deal environment or an agreement environment next year, we will point to the level of surplus we will have. We would expect a growth in our first surplus of this year into next year. We will be outlining in the budget documentation the predicted outcome in respect of our national finances if a no-deal Brexit occurs at any point next year.

The level of certainty about some of those impacts is different to other kinds of economic planning that we have done because it will obviously depend on when in 2020 a no-deal Brexit might occur. Even now, despite all the modelling we have done, it is still difficult to be definitive about the exact impact on our economy.

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