Brendan Howlin (Wexford, Labour)

If we are to restore our economic fortunes, we need to cut our cloth according to our measure. That means we must reduce that €15 billion we are borrowing to a normal 3% of GDP. That is our target by 2015. That is what we are bound to do under the stability pact up to which we have signed and what this Government is going to do. To do that, we will have to cut expenditure. We have said that this year we will cut capital expenditure by €750 million and current expenditure by €1.45 billion, which is twice as much. The notion that Senator Walsh-----