Written answers

Tuesday, 23 October 2018

Department of Finance

Structural Budget Balance

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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211. To ask the Minister for Finance the projected structural balance each year from 2019 to 2023 inclusive, both in money terms and as a percentage of GDP; and if he will make a statement on the matter. [43511/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I can advise the Deputy that the projected structural balance for each year 2019 to 2023 is detailed in percentage terms in table 1 of the Economic and Fiscal Outlook published as part of Budget 2019.

Estimates of the approximate equivalent levels in nominal terms are presented in tabular form below.

2019 2020 2021 2022 2023
Structural balance, per cent of GDP-0.7 0.0 0.2 1.0 1.4
Structural balance, €m-2,390 0.0 750 3,920 5,735
Nominal GDP, €m341,475 359,975 375,775 392,225 409,725

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