Michael McGrath (Cork South Central, Fianna Fail)
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No. If we are to make any decisions to raise additional debt relief notices, DRNs, with which the Deputy will be familiar, that increases the scope we have in the budget, either on taxation in terms of reductions or on the spending side, so it is a net spending rule. We are applying the 6.1% on the spending side because on the taxation side, if we were to do nothing it would automatically generate in the region of €1.1 billion in additional revenue. If we go beyond that, it creates additional headroom either on the tax or on the expenditure side.