Peter Mathews
Question:74 Deputy Peter Mathews asked the Minister for Finance the primary budget deficits in 2011; the anticipated primary budget deficit in 2012, 2013 and 2014; and if he will make a statement on the matter. [25756/12]
View answerWednesday, 23 May 2012
Questions (76)
Written answers
As the Deputy is aware the latest estimate of the General Government Primary Balance for 2011, as well as my Department's latest projections for the years 2012-2015, is set out in Table A1, Annex 2 on page 49 of the recently published Stability Programme Update. These estimates are set out again in the table below:
|
% of GDP |
2011 |
2012 |
2013 |
2014 |
2015 |
|
General Government Primary Balance |
-9.4* |
-4.2 |
-1.9 |
0.8 |
2.8 |
*This is the headline Primary Balance. The underlying Primary Balance, excluding the 3.7% of GDP in GGB impacting capital transfers to AIB and ILP, was -6.0% of GDP.