Tuesday, 3 December 2019

Questions (124)

Pearse Doherty

Question:

124. Deputy Pearse Doherty asked the Minister for Finance ·the unallocated revenue available in each of the years 2020 to 2025; and if he will make a statement on the matter. [49817/19]

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Written answers (Question to Finance)

My Department's latest forecasts, contained in Budget 2020 Economic & Fiscal Outlook, project Exchequer revenue and expenditure over the years 2020 to 2024 inclusive.

Budget 2020 was underpinned by the assumption of a disorderly Brexit. As such, due to the operation of automatic stabilisers, the impact of Brexit contingency expenditure and other factors, the Exchequer is projected to operate deficits in the years 2020 to 2024. Under such circumstances, no unallocated revenue is currently anticipated over the period. I attach a table contained in the following link detailing the Exchequer balance over the current forecast horizon.

Exchequer