Seanad debates

Thursday, 27 March 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Second Stage.

 

The Central Bank's average projection for unemployment this year is 5.75%, which is somewhat disappointing. I had hoped it would not rise above 5%. On the financial situation, the bank forecasts that, based on announced plans, the general Government debt will remain at 34% to 35% to 2005. This compares favourably with other countries and provides a sound basis for improvement.

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