Written answers
Tuesday, 10 October 2017
Department of Finance
Excessive Deficit Procedure Implementation
Michael McGrath (Cork South Central, Fianna Fail)
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66. To ask the Minister for Finance the State's final structural deficit in percentage terms in 2016; and if he expects changes at this point. [42445/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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The estimated structural deficit for 2016 was -1.4 per cent of GDP, as published in the Summer Economic Statement 2017.
As the structural balance is a function of the general government balance (GGB), it may be updated should the Central Statistics Office revise the GGB in its October Excessive Deficit Procedure transmission to Eurostat. The structural balance is also a function of the estimated output gap in 2016 and this will change over time.
An update will be provided in the Budget 2018 documents
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