Written answers

Thursday, 18 July 2013

Department of Finance

General Government Debt

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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171. To ask the Minister for Finance based on currently available economic and fiscal projections, his Department’s estimate of the fiscal adjustment in budget 2014 that would result in a general Government deficit of 5.1%. [36679/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Our most recent fiscal forecasts and technical assumptions were contained in the Stability Programme Update. As the Deputy will be aware, there has been considerable data flow in the intervening period, including the recent Q1 Quarterly National Accounts, which will impact the deficit ratios in 2014. These and other relevant data, such as up to date revenue and expenditure figures, will enable our forecasts to be calculated and when this is completed will form the basis of Budget 2014.

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