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
2:25 pm
Michael McGrath (Cork South Central, Fianna Fail)
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To put it in specific terms, based on the numbers Mr. Moran is looking at currently, is an adjustment of €3.5 billion sufficient to achieve a deficit next year of 7.5%? He is focused on achieving the targets, and we all agree on that, but what are the numbers telling him in terms of what is required to get to the target next year given that downward revision of growth?