Dáil debates

Thursday, 26 September 2019

Ceisteanna Eile - Other Questions

Irish Fiscal Advisory Council Reports

11:25 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

We have said that if there were to be a deal, the growth rate in our economy would be approximately 3%. The ability to sustain a growth rate of 3% over a number of years could make a significant difference to our country and to our citizens and would help to address many of the issues the Deputy has raised. Growth has moderated during the lifetime of this Dáil. It was at a very high level as we exited the bailout programme and continued at such a level for a while. A more moderate rate of growth that can be sustained for longer is what is best for us. If a no-deal Brexit was to be avoided, if the economy was to grow at a rate of between 2.5% and 3.5% a year, and if normal, sensible decisions were made about how we manage credit and spending, this Government and future Governments would be able to make a big difference in respect of many of the issues the Deputy raised.

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