Gerald Nash (Louth, Labour)
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96. To ask the Minister for Finance the projected deficit for 2020 on the basis of revenue receipts to date based on the Exchequer returns for August 2020; if he will provide updated projections for revenue across the various tax heads; and if he will make a statement on the matter. [22927/20]

Gerald Nash (Louth, Labour)
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105. To ask the Minister for Finance the estimated impact of the July stimulus proposals on the Exchequer deficit for 2020 and 2021; the breakdown of the impact by individual tax heads; and if he will make a statement on the matter. [22938/20]

Gerald Nash (Louth, Labour)
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107. To ask the Minister for Finance the most up-to-date estimate of the deficit for 2020 and 2021 based on current analysis; and if he will make a statement on the matter. [22941/20]

Gerald Nash (Louth, Labour)
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108. To ask the Minister for Finance the estimated Exchequer borrowing requirement for 2020 and 2021 based on current analysis; and if he will make a statement on the matter. [22942/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 96, 105, 107 and 108 together.

As the Deputy will be aware, the unprecedented economic situation of the last six months has meant that medium-term economic and fiscal forecasts are subject to an exceptional level of uncertainty.

My Department’s most recent official forecasts, published in the Stability Programme Update, were, accordingly, produced on a short-term basis, as per guidance from the European Commission. At that time , a general government deficit in the range of €23 to €30 billion, or 7 to 10 per cent GDP was estimated for this year. While the situation remains highly uncertain, the Department of Finance is currently undertaking work on a full set of updated economic and fiscal forecasts as part of preparation for Budget 2021.

The continuing uncertainty means that my officials will take into consideration all possible data points and relevant information, such as the recently published Q2 National Accounts data and the September Exchequer returns, to ensure that the forecasts are as accurate as possible. Projections produced earlier would be based on less information and, as a result, would likely be less accurate.

The updated set of economic and fiscal forecasts, which will take into account the fiscal impact of the July stimulus package, taxation receipts to-date and any decisions made in the context of the Budget will be published next month.