Tuesday, 23 July 2019

Questions (166)

Pearse Doherty

Question:

166. Deputy Pearse Doherty asked the Minister for Finance the impact of changes on the gross general government balance, in view of the revision of annual spending plans of an annual increase of 2.5% to 3.25% on the gross general government balance; the projected general government expenditure; and the impact on the general government balance as a percentage of GNI* and GDP from 2020 to 2024, in tabular form. [31600/19]

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Written answers (Question to Finance)

I can advise the Deputy that Table 4 in the Summer Economic Statement 2019 sets out the revised anticipated annual spending plans. This table illustrates the general government impact of the National Broadband Plan and the 3.25 per cent year-on-year current spending growth from 2021 to 2024, in the event of an “orderly” Brexit.

In addition, the table sets out the Stability Programme Update 2019 baseline general government expenditure and balance and compares these components with the revised general government expenditure and balance (i.e. incorporating the 3.25 per cent year-on-year current spending growth from 2021 onwards), as expressed as a percentage of GNI* and GDP.

2020

2021

2022

2023

2024

Baseline consistent (with the SPU 2019)

General Government Expenditure (€ millions)

87,600

89,700

92,280

95,015

97,710

General Government Expenditure as % of GDP

24.8%

24.4%

24.1%

23.8%

23.5%

General Government Expenditure as % of GNI*

41.4%

40.8%

40.4%

40.0%

39.5%

General Government Balance as % of GDP

0.4%

0.7%

1.0%

1.3%

1.6%

General Government Balance as % of GNI*

0.6%

1.2%

1.7%

2.2%

2.7%

Revised

General Government Expenditure (€ millions)

87,800

90,400

93,480

96,815

100,110

General Government Expenditure as % of GDP

24.9%

24.6%

24.4%

24.3%

24.1%

General Government Expenditure as % of GNI*

41.5%

41.2%

40.9%

40.7%

40.4%

General Government Balance as % of GDP

0.4%

0.6%

0.8%

1.0%

1.2%

General Government Balance as % of GNI*

0.6%

0.9%

1.3%

1.7%

1.9%