Written answers

Tuesday, 26 February 2008

Department of Finance

Programmes for Government

9:00 pm

Photo of Olwyn EnrightOlwyn Enright (Laois-Offaly, Fine Gael)
Link to this: Individually | In context

Question 45: To ask the Tánaiste and Minister for Finance the reason he is unwilling to provide a costing of the proposals in the Programme for Government 2007 to 2012. [7792/08]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

As I have indicated in previous responses, the Programme for Government is a five year programme in which a number of guiding principles in relation to economic and budgetary matters have been set out.

In October 2007 I published the Pre-Budget Outlook which set out the cost of providing for the existing level of services over the medium term. As the Deputy is aware, the first instalment of the delivery of the Programme for Government — Budget 2008 — was published in December. Budget 2008 announced all new spending and taxation measures in a single, unified way and was a significant reform providing for greater transparency.

Budget 2008 also sets out the latest budgetary and economic assessment for the coming three years with forecast General Government deficits of -0.9 per cent of GDP in 2008, -1.1 per cent of GDP in 2009 and -1.0 per cent of GDP in 2010. This fiscal position is predicated on a somewhat weaker economic outlook than was generally anticipated at the time the Programme for Government was agreed in the summer of 2007.

The current assessment, as set out in the Budget, that GDP growth will average 31⁄2 per cent over the period 2008-2010 has not been revised. As was noted at Budget time, there are risks, both internal and external, to the economic forecasts and my Department will continue to monitor the situation closely.

As I have said previously, the Programme for Government is a five year programme and Budget 2008 is the first instalment of the delivery of that programme.

Comments

No comments

Log in or join to post a public comment.