Dáil Éireann Debate, Wednesday - 8 July 2009
160 Deputy Bernard J. Durkan asked the Minister for Finance the extent to which the various budgetary cutbacks proposed in the context of recent reviews of public spending have been tested for likely negative impacts on the economy; the way these issues will be addressed; and if he will make a statement on the matter. [28441/09]
View answerIn the normal course of events, the macro-economic implications of various fiscal measures are considered in the context of the budgetary process. In that regard in the recent Supplementary Budget the macro-economic impact of the 2009 measures was set out.
Regarding the additional aggregate annual consolidation measures for the later years, the overall macro-economic impact was incorporated within the medium term economic and fiscal forecasts.
Therefore, all the specific measures that will be brought forward in terms of both expenditure and taxation will be considered in the context of the estimates / budgetary process in the normal manner and the economic and social impact of the specific budgetary package will be considered then.
