Dáil debates

Tuesday, 25 June 2019

Summer Economic Statement 2019: Statements

 

8:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The reality is that the €700 million decreases to €400 million if the Minister commits to pay the Christmas bonus again in 2020. The other issue that is very clear is that an overrun is projected in health. All the indicators, which mirror those we have seen in previous years, show that there will be another significant overrun in health. Has the Minister factored that in? Building on the questions asked previously, in the context of a no-deal scenario the €4 billion - or €5 billion under the current projections - will, of course, have to be borrowed to make up the deficit. The idea that the only money that would be available to support industries that will need huge support in the event of that kind of shock to the Irish economy is the €700 million, which is €400 million after the Christmas bonus and perhaps nothing after the health overrun, is not plausible.

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