Written answers
Tuesday, 22 September 2015
Department of Finance
Economic Data
Michael McGrath (Cork South Central, Fianna Fail)
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361. To ask the Minister for Finance if he will provide in tabular form, for each year 2007 to 2014 inclusive, the headline and underlying general Government balance in nominal and percentage terms; the level of gross domestic product and gross national product showing the percentage movement from the previous year; and if he will make a statement on the matter. [31567/15]
Michael Noonan (Limerick City, Fine Gael)
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The figures in relation to general government deficit, Gross Domestic Product (GDP), and Gross National Product (GNP) as requested by the Deputy are outlined in the following table:
| - | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|---|---|
| General government balance (€m) | 536 | -13,104 | -23,440 | -53,677 | -21,803 | -14,065 | -10,320 | -7,484 |
| General government balance (%GDP) | 0.3 | -7.0 | -13.8 | -32.3 | -12.5 | -8.0 | -5.8 | -4.0 |
| Underlying general government balance (€m) | 536 | -13,104 | -19,440 | -18,284 | -14,979 | -14,065 | -10,127 | -7,609 |
| Underlying general government balance (%GDP) | 0.3 | -7.0 | -11.5 | -11.0 | -8.6 | -8.0 | -5.6 | -4.0 |
| GDP (€m) | 197,054 | 187,547 | 169,432 | 166,157 | 173,940 | 174,845 | 179,448 | 189,046 |
| GDP % change from previous year | 7.2 | -4.8 | -9.7 | -1.9 | 4.7 | 0.5 | 2.6 | 5.3 |
| GNP (€m) | 169,770 | 161,710 | 140,915 | 139,732 | 141,813 | 143,331 | 152,042 | 162,877 |
| GNP % change from previous year | 5.2 | -4.7 | -12.9 | -0.8 | 1.5 | 1.1 | 6.1 | 7.1 |
Sources: Central Statistics Office (CSO), Department of Finance
The deficit figures included within this table are based on those submitted in the March 2015 EDP return and subsequently published in the Department's 'Stability Programme Update (SPU)' in April 2015. Where relevant these have been revised to account for any updates which have been included in the CSO's 'Government Finance Statistics Quarterly Results' for quarter 1 2015. The GDP and GNP figures are consistent with the National Income and Expenditure Annual Results published July 2014.
It should be noted that revised figures will be released by the CSO in mid-October following the September 2015 EDP return while my Department will publish updated forecasts as part of the 'Budget 2016' publication.
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