Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

In terms of where we are at present, it is useful to make a distinction between the Exchequer balance position and the position of the economy in general because they are going in two distinctly different directions. I do not believe that we have a real crisis in the public finances. We have a projected current budget surplus for this year of something in the region of €3 billion or €4 billion. That is an extremely high surplus by historical standards and one that gives us options.

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