Paschal Donohoe (Dublin Central, Fine Gael)
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I will answer each of the Deputy's questions in turn. Yes, it includes the €9 billion of Covid-related expenditure. Regarding transfers within the balance sheet for next year, the key one that will be coming through will be further transfers from NAMA. On the nominal value of the different deficit ranges I have outlined, it would equate to between €14 billion and €18 billion to €19 billion, depending on where we end up in that range. The Minister for Public Expenditure and Reform, Deputy Michael McGrath, is working hard to understand where we would be in that range from a no-policy-change perspective.