Oireachtas Joint and Select Committees

Tuesday, 11 June 2019

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail)
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I thank Mr. Barnes. Is he stating that a €4 billion adjustment in one year might be required? Looking at 2020, where the baseline is 0.6% of a surplus, the Central Bank analysis suggests the deficit could reach -4.7% in the event of a hard Brexit. The variance is colossal.