Mr. Sebastian Barnes:

If we had not had that money, this is what we would get if we used the measure excluding corporation tax receipts. If we takes the measure that excludes these excess receipts, we are quite significantly in deficit this year. This year, we will not run a deficit because of the corporation tax revenue. It is helpful to look at other countries. Most other countries have done packages somewhat similar to Ireland's. They have had to borrow.

That was probably the right thing for them to do and that is what we would have had to do, if we had not had these receipts. We are in a lucky position in terms of cashflow as a result of these corporation tax receipts.