Oireachtas Joint and Select Committees
Tuesday, 17 September 2019
Committee on Budgetary Oversight
Pre-Budget Scrutiny: Minister for Finance
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
On the question of whether I am prepared to borrow to deal with the shock of a no-deal Brexit, the answer is "Yes". While a swing in the national finances from a surplus 0.4% in an unchanged world of to a deficit of 0.5% to 1.5% is considerable, that 1.5% deficit is still a lower deficit than we had a number of years ago.