Dáil debates

Tuesday, 1 October 2019

Ceisteanna Eile - Other Questions

Brexit Expenditure

5:25 pm

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

I propose to take Questions Nos. 69 and 89 together.

My intention is not to provide a "big bang" announcement. Whatever my last two budgets have been, they cannot be accused of being big bangs in terms of the changes we made from an expenditure, tax and social welfare point of view. The reason I am not in a position to tell the Deputy today what the resources are going to be for dealing with the consequences of a no-deal risk is that I am still working with the Ministers for Agriculture, Food and the Marine, Business, Enterprise and Innovation and Transport, Tourism and Sport on it. What I have said is that in the event of a no-deal Brexit taking place, the funding in that regard will need to be additional to the budget framework we have outlined of €2.8 billion, plus any changes that can be made on top of it. I have outlined in the summer economic statement the kind of deficit swings that are possible for our economy to experience if we end up in the position of having to deal with this risk.

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