Michael McGrath (Cork South Central, Fianna Fail)
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113. To ask the Minister for Finance when he expects to publish revised growth projections and estimates for the fiscal space following the Brexit referendum result; and if he will make a statement on the matter. [23296/16]

Michael Noonan (Limerick City, Fine Gael)
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My Department will prepare a full macroeconomic projection in advance of Budget 2017 in October. Officials from my Department will then go through the normal procedural steps with the Irish Fiscal Advisory Council as part of the endorsement exercise.

The Budget day publication will include updated projections for economic growth, the public finances and the fiscal space, taking account of developments up to that time, including both the UK's decision on the EU in June and the GDP revisions published in the context of last week's National Income and Expenditure Accounts for 2015.

Having said that, it is not envisaged that estimates of fiscal space in 2017 will change significantly from those already published in the Summer Economic Statement, given that most of the inputs needed to calculate the available space under the expenditure benchmark have been fixed following the publication of the European Commission's spring forecasts.