Richard Bruton (Dublin North Central, Fine Gael)

Will the Taoiseach indicate whether statements contained in the programme for Government to the effect that this Administration will operate a responsible fiscal policy characterised by budget surpluses and a declining debt burden and that, under its plan, Ireland's net debt will be reduced to less than 3% by 2012 remain accurate? The most recent indication from the ESRI indicates that the national debt will increase by 60% in just three years and that it is rapidly on the way to doubling over the period of the programme for Government.

Does the Taoiseach accept that the programme for Government, as an indication of this Administration's medium-term strategy, is now meaningless, particularly when one considers the expectation, as indicated by the Department of Finance, that, in cumulative terms, tax revenue will be out by €30 billion when compared to what was predicted when the programme was drawn up? Does he agree that an alternative medium-term strategy will be required if the programme for Government no longer constitutes such a strategy? Does he agree that such an alternative strategy should set out what will be the new priorities on the basis of the resources expected to be available? The programme for Government gives priority to the delivery of the national development plan, in full and on time. However, the Minister for Finance clearly indicated that this will not happen.

Does the Taoiseach agree that an alternative strategy which is based on realistic expectation regarding resources and which sets down priorities to protect the vulnerable is needed? Does he also agree that putting in place plans which cannot be funded within a five-year period is a waste of the resources of the State?

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