Tuesday, 23 July 2019

Questions (186)

Pearse Doherty

Question:

186. Deputy Pearse Doherty asked the Minister for Finance the projected general Government balances based on the scenario A update in the summer economic statement from 2020 to 2024 in gross terms and as a percentage of GDP and GNI*, respectively in tabular form. [32862/19]

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Written answers (Question to Finance)

The following table shows the projected general government balance in nominal terms and as a percentage of GDP and GNI* for the period 2020-2024, based on Scenario “A” as set out in the Summer Economic Statement (SES).

In addition, it should be noted that the general government balance incorporates the revised anticipated annual spending plans (i.e. 3.25 per cent year-on-year current spending growth from 2021 onwards) as outlined in the SES. 

 

2020

2021

2022

2023

2024

General Government Balance (€ millions)

1,235

2,030

2,885

3,945

4,820

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%