Thursday, 24 October 2013

Questions (96)

Michael McGrath

Question:

96. Deputy Michael McGrath asked the Minister for Finance the impact of the previously reported 2012 general government deficit of the EUROSTAT ruling in respect of the treatment of the revenue from the 4G licence sale; and if he will make a statement on the matter. [45574/13]

View answer

Written answers (Question to Finance)

The revenue figure in relation to the sale of 4G licences was previously allocated as income in 2012. In nominal terms the effect of the change in treatment was a worsening of the 2012 general government deficit by €723 million and an improvement by the same amount in 2013. As a percentage of GDP this had an approximate impact of 0.44% in both years. The amendment to the accounting treatment of this item was included in the figures for both Budget 2014 documentation and the September 2013 EDP return submitted by the CSO.