Pearse Doherty
Question:185. Deputy Pearse Doherty asked the Minister for Finance the projected figures for net fiscal space in each of the years 2019 to 2023. [45681/17]
View answerTuesday, 7 November 2017
Questions (185)
Written answers
As I am sure the Deputy is aware, projections beyond 2021 have not been compiled or published.
The current estimates of net fiscal space for years 2019 – 2021 are set out below. It is important to stress that the figures, as always, are work-in-progress estimates and will evolve over time.
|
- |
2019 |
2020 |
2021 |
|
Net fiscal space (€billions) |
3.2 |
3.5 |
3.6 |
I also wish to highlight that the economy is now on a path towards full-employment. In these circumstances, I will not jeopardise our recovery by adopting pro-cyclical fiscal policies that overheat the economy and put our future livelihoods at risk. Instead I will focus on the appropriate stance of fiscal policy.
In other words, I will focus on what is right for the economy and not on what is legally permissible under the rules. In this regard, I want to assure the Deputy that the Government will not repeat the mistakes of the past by adopting inappropriate taxation and spending policies for short-term gain that have involve major long-term pain.
Steady, incremental and sustainable budgetary policy is the way to improve our living standards and that is how I intend to decide and implement policy.