Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Mr. John McCarthy:

This year our projected money amount, rather than as a percentage of anything, is €206 billion. It is still rising all the way out to 2021. That is our forecast horizon in the stability programme published on Tuesday. It rises to €211 billion. The main reason is we are still running a significant Exchequer deficit. People talk about the general Government but we will have an Exchequer deficit of the order of €2 billion.