Michael McGrath (Cork South Central, Fianna Fail)
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Is it still the Department's position that the overall debt to GDP ratio will peak next year at 120.3% and then begin to decline? As Mr. Moran will be aware, the Fiscal Advisory Council holds the view that there is a 40% chance that the debt will not stabilise by 2015 and could continue to grow as a percentage of GDP. Is he still predicting that it will peak next year and then begin to decline?