Michael McGrath (Cork South Central, Fianna Fail)
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I welcome Mr. McCarthy and his colleagues and I thank them for the presentation. As Mr. McCarthy acknowledged, there is a lot to take in, but I will try to cut to the core point, which is what all this means for the budget. I know the witnesses will not talk about the choices the Government has or any related budgetary issue, which is perfectly understandable, but they can tell us, for example, what consolidation package would be required now to give a deficit of 5.1% of GDP?