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

I expect it will be higher than 3.5% but how much higher it will be depends on two factors, the first of which is the decisions the Government makes over time in the management of the Covid levels of expenditure we have. Second, it depends on the Estimates process and the work the Minister for Finance, Public Expenditure and Reform does. That work is yet to be done but I expect it will be higher than 3.5%