Written answers
Tuesday, 23 October 2018
Department of Finance
Structural Budget Balance
Michael 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]
Paschal 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, €m | 341,475 | 359,975 | 375,775 | 392,225 | 409,725 |
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