Written answers
Thursday, 27 September 2012
Department of Finance
General Government Debt
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he will provide in tabular form the primary general Government deficit, both gross and net of measures relating to the banking sector for the period 2007 to 2011; his projection of the primary deficit for 2012; and if he will make a statement on the matter. [41214/12]
Michael Noonan (Limerick City, Fine Gael)
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The information the Deputy is seeking is set out in the Table.
| - | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|---|---|
| - | €m | €m | €m | €m | €m | €m |
| a. General Government Balance (GGB)* | 170 | -13,129 | -22,467 | -48,426 | -20,157 | -13,115 |
| b. Interest | 1,953 | 2,380 | 3,250 | 4,928 | 5,278 | 6,460 |
| c. Primary GGB (c=a+b) | 2,123 | -10,749 | -19,217 | -43,499 | -14,879 | -6,655 |
| d. Banking measures affecting GGB | 0 | 0 | 4,000 | 31,575 | 5,780 | 0 |
| e. Primary GGB net of banking measures (e=c+d) | 2,123 | -10,749 | -15,217 | -11,924 | -9,099 | -6,655 |
*CSO NIE September 2012
The 2012 General Government Deficit is the latest published projection contained in the April Stability Programme Update. Updated forecasts for 2012 will be published in October.
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