Oireachtas Joint and Select Committees

Tuesday, 17 September 2019

Committee on Budgetary Oversight

Pre-Budget Scrutiny: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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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.