Mary Lou McDonald (Dublin Central, Sinn Fein)

We see evidence today of tax revenues falling. Of particular note is the drop in VAT receipts, a further reflection of the decimation of the domestic economy and people's spending power due to austerity measures directed at middle and low income earners. Tomorrow we expect to see the Government's growth projections revised downwards yet again.

We also found out recently that a €3.6 billion accountancy error meant the State's outstanding debt would be reduced by some 2.3% of GDP. A total of €3.6 billion is one hell of an accountancy error. I note this matter was discussed at Cabinet yesterday. The Tánaiste might share with us the Government's view of this accountancy error. I might also ask the Tánaiste, given the massive salaries those in the NTMA are earning - 14 of them are paid more than a quarter of a million euro - if he still retains confidence in the work they do.

See this speech in context