Seanad debates

Thursday, 12 March 2009

11:00 am

Photo of Eugene ReganEugene Regan (Fine Gael)

Yesterday, the Taoiseach observed that the budgetary position was a moving target and that it was difficult to gauge the economic growth rate. Initially, a growth rate estimate for this year of -2% was produced, followed by one for -4% and then another for -6.5%. This does not inspire confidence that the Taoiseach is in control of the figures or forecasts or that there is some element of precision in respect of what will form the basis for the budget that will be introduced on 7 April. I appreciate the Government wished to avoid taking measures before the local and European elections to minimise electoral losses.

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