Dáil Éireann Debate, Wednesday - 22 October 2014
72. Deputy Brendan Griffin asked the Minister for Finance the annual budgetary deficit in monetary terms and percentages of GDP from 2009 to date in 2014; and if he will make a statement on the matter. [40615/14]
View answerThe information requested by the Deputy is contained in the table.
The 2014 figures are from the current fiscal forecast for end 2014, which was published as part of Budget 2015. The Exchequer balance figures for the years 2009 to 2013 are as published in the Finance Accounts for those particular years.
The underlying general government figures for 2009 and 2013 exclude support to the banking and financial sector, as this is the basis for which performance against fiscal targets are measured. These figures were calculated by taking the headline figures, published by the Central Statistics Office (CSO) in their October 2014 annual government finance statistics release, and subtracting the support given to the banking and financial sector.
The calculation of the underlying general government balance as a percentage of GDP, for the years 2009 to 2013, uses GDP figures on an ESA 2010, which were published by the CSO recently.
It should be noted that official deficit figures for these years, which were submitted by the CSO under the September EDP return, will be made available by Eurostat within the coming weeks.
|
- |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
|
Exchequer Balance (€m) |
-24,641 |
-18,744 |
-24,918 |
-14,892 |
-11,503 |
-7,830 |
|
Underlying general government balance (€m) |
-19,357 |
-18,074 |
-14,764 |
-13,901 |
-9,947 |
-6,872 |
|
% of GDP |
-11.5 |
-11.0 |
-8.6 |
-8.0 |
-5.7 |
-3.7 |
