Written answers
Wednesday, 8 July 2009
Department of Finance
Fiscal Policy
Bernard Durkan (Kildare North, Fine Gael)
Link to this: Individually | In context
Question 160: To ask the Minister for Finance the extent to which the various budgetary cutbacks proposed in the context of recent reviews of public spending have been tested for likely negative impacts on the economy; the way these issues will be addressed; and if he will make a statement on the matter. [28441/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
In the normal course of events, the macro-economic implications of various fiscal measures are considered in the context of the budgetary process. In that regard in the recent Supplementary Budget the macro-economic impact of the 2009 measures was set out.
Regarding the additional aggregate annual consolidation measures for the later years, the overall macro-economic impact was incorporated within the medium term economic and fiscal forecasts.
Therefore, all the specific measures that will be brought forward in terms of both expenditure and taxation will be considered in the context of the estimates / budgetary process in the normal manner and the economic and social impact of the specific budgetary package will be considered then.
No comments