Jimmy Deenihan (Kerry North, Fine Gael)

I have been in this House for approximately 20 budgets, of which the present one has the highest borrowing requirement, at €5 billion. That does not make for a good day in this House or the economy. In the past several years, State borrowing was wisely transferred to individual borrowing but we are now facing a situation of high State and individual borrowing because if people invest in houses, more money comes to the Government in the form of borrowed money from the banks.

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