Terence Flanagan
Question:48. Deputy Terence Flanagan asked the Minister for Finance the forecasting that his Department carries out; the future period this covers; and if he will make a statement on the matter. [26511/14]
View answerThursday, 19 June 2014
Questions (48)
Written answers
Up until recently, the forecasting period covered in the Budget and Stability Programme included the current year, and at least three future years, for example 2014 - 2017. Under the new European fiscal framework, Ireland is required to provide forecasts in the Budget and the Stability Programme for a period until the medium-term budgetary objective (also known as MTO) is achieved, which in Ireland's case is estimated to be 2018. In order to provide economic and strategic guidance over a longer term period, my Department published the Medium Term Economic Strategy last December. This provided projections out to 2020 for the first time, to give a focus for the future direction of the Irish state.
Question No. 49 answered with Question No. 47.