Oireachtas Joint and Select Committees
Wednesday, 7 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Statement of Strategy 2011-2014: Discussion with Department of Finance
2:15 pm
Michael McGrath (Cork South Central, Fianna Fail)
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In light of Mr. Moran's acknowledgement that the forecasts for this year and next year will have to be revised downward - I presume this will also be the case for 2014 - there is no doubt but that both the public finances and the adjustment path that has been set out in respect of 2015 will be impacted upon. Will the revisions in question have an impact on the forthcoming budget? Is it still the Department's position that €3.5 billion is the appropriate adjustment in order to get us to the required deficit figure for next year?