Dáil debates

Thursday, 28 October 2010

Macroeconomic and Fiscal Outlook: Statements (Resumed)

 

3:00 am

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)

I would like to ask the Minister about the deficit target. We know it has to be 3% in 2014, but what percentage targets have seen set for 2011, 2012 and 2013 as we try to achieve the 2014 target? Will those targets be stated in the four-year fiscal plan? The Department of Finance's growth predictions are different from those of the ESRI. The variation between both opinions is significant. Will the four-year plan set out the various growth scenarios? Will it be realistic? Will it consider the possibility of negative growth, as well as the likelihood of positive growth? We hope we will have positive growth, but we do not know.

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