Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

On the budget, I mentioned already how the budget was planned with Brexit in mind. All the economic analysis we have so far from Copenhagen Economics and the ESRI, for example, indicate that there would be a slowdown in economic growth, but not that we would enter recession. Some people feel that is a little optimistic.

The projection from the ESRI, Copenhagen Economics and others is that in the event of a hard deal or no-deal Brexit, the Irish economy would slow down but not that it would go into reverse. That is why we built buffers into the budget, including a surplus and a rainy day fund.

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