Pearse Doherty
Question:44. Deputy Pearse Doherty asked the Minister for Finance when he will decide the adjustment for budget 2015; and on which data he will make the decision. [28816/14]
View answerThursday, 3 July 2014
Questions (44)
Written answers
Our established practice, which is consistent with the requirements of the Stability and Growth Pact, is that budgetary planning is based on the most up-to-date economic and fiscal information. This means, in the case of Budget 2015, that the final parameters, including the adjustment, will be decided in early October when the latest macroecnomic forecasts prepared by my Department and endorsed by the Irish Fiscal Advisory Council are available. Furthermore, the revenue and expenditure information for the first three quarters will form an important input to budgetary planning.