Oireachtas Joint and Select Committees

Wednesday, 27 September 2017

Committee on Budgetary Oversight

Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance

2:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I have always said that there is a legal framework within which I must operate. Independent of that, however, I believe it is appropriate, given many of the risks we face and the way our domestic economy is performing, that Ireland gets to a point where it has a general Government balance that is in line with what I said at the start of my contribution. I wish to ensure that, at a time when our economy is growing and our deficit is beginning to stabilise, at a point in the future we will deliver surpluses to bring down our debt. I will ask John McCarthy to answer some of the technical questions regarding the fiscal space. However, on the question about being cautious, I am cautious. I wish to be careful that decisions we make next year get Ireland to a point that we meet the objectives we have set for ourselves in recent years.