Oireachtas Joint and Select Committees

Thursday, 1 October 2020

Committee on Budgetary Oversight

Pre-budget Engagement: Minister for Finance

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

I do not really have information regarding what that will be for now. Many of my colleagues are involved in their own national budgetary processes. While they have given me some indication of where they might end up, I am reluctant to share that information in deference to their parliaments and work in which my colleagues may be involved with their governments. As we move through next week, however, I hope to try to get more of a sense of where our borrowing requirement will be compared with other countries in the eurozone. The key aspect, which the Deputy already recognised in her opening question, concerns the opening figures of our current deficit range. On a no-change policy basis, that will be between 4.5% and 5.5%, so whatever figure we end up with on budget day will be ahead of that.

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