Dáil debates

Tuesday, 25 June 2019

Summer Economic Statement 2019: Statements

 

8:20 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The point at which I am getting is that when one boils it down, the maximum amount of money that will potentially be available to address the supports needed for certain sectors in a no-deal Brexit scenario is €700 million.

That is assuming there are no other demands the Minister must meet. No one can assume that there will be no increase in health expenditure, for example. Is the Minister saying that, in terms of the budget, €700 million is the limit of the scope available to provide what he calls temporary targeted funding for the sectors most affected? Is that all there is? He says that the budget day package will be €2.8 billion in either scenario. It seems the only flexibility he has is what he will do with that €700 million. He will not even have all of that €700 million.

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