Bernard Durkan (Kildare North, Fine Gael)
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Question 212: To ask the Tánaiste and Minister for Finance if he is satisfied that economic growth projections for 2008 are expected to be achieved; the extent to which revenue from taxation will be affected by fluctuations; and if he will make a statement on the matter. [24043/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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On Budget Day 2007 my Department forecast economic growth of 4.6% for 2008, in both GDP and GNP terms. However, the outlook for 2008 has changed, mainly due to the outlook for new housing output which has disimproved somewhat from what was envisaged at Budget Day; this is likely to have an impact on aggregate economic growth rates in 2008. Updated economic growth and tax forecasts, reflecting the latest developments and covering the period 2007-2010, will be published in the Pre-Budget Outlook which I will lay before the House later this week.