Friday, 6 September 2019

Questions (87)

Michael McGrath

Question:

87. Deputy Michael McGrath asked the Minister for Finance the margin of compliance with the expenditure benchmark and the structural balance under EU fiscal rules under the scenario outlined in table 6 of the summer economic statement in each of the years 2020 to 2024; and if he will make a statement on the matter. [35276/19]

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Written answers (Question to Finance)

The margin of compliance with the expenditure benchmark can be found in row n of Table A1 in Annex 1 of the Summer Economic Statement (SES). This assessment is consistent with the estimates published as part of the Stability Programme Update (SPU) 2019 and further takes into account the orderly Brexit scenario ('Scenario A').

As the Deputy will appreciate, the SES consists of high-level, indicative scenarios and does not include a full set of detailed macro-economic and fiscal forecasts as published bi-annually in the SPU and Budget. Accordingly the full set of inputs, to provide an updated assessment of the fiscal rules, are not currently available.

The next set of official forecasts will be published as part of Budget 2020 in October.