Written answers

Tuesday, 30 November 2010

Department of Finance

National Recovery Plan

5:00 am

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Fine Gael)
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Question 124: To ask the Minister for Finance the consultation he has had with the EU or International Monetary Fund on the Government's national recovery plan prior to publication; and if he will make a statement on the matter. [45309/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; Dublin West, Fianna Fail)
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The Government's National Recovery Plan 2011-2014 was drafted by my Department, with input from various other Government Departments. The Plan was approved by Government. Following approval by Government, the Plan was shared with representatives from the EU Commission, the ECB and the IMF. I would like to remind the House that the programme of external assistance that we have just agreed with our partners has the policy inputs of the Government's Four-Year Plan embedded within the terms of the Programme.

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Fine Gael)
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Question 125: To ask the Minister for Finance the way growth figures projected in the Government's national recovery plan were calculated; and if he will make a statement on the matter. [45310/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; Dublin West, Fianna Fail)
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The forecasts underpinning the National Recovery Plan were compiled in the normal manner that is employed on an annual basis for the Budget and Stability Programme Update. In order to complete the forecasts, the external environment is firstly assessed to compile the export forecasts. The outlook for domestic demand is then assessed taking into account the various budgetary measures. Historical relationships between output, unemployment, prices, etc. are also employed to ensure internal consistency.

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