asked the Taoiseach whether in the light of the latest trade figures any special measures are planned to counteract the imbalance shown.
Ceisteanna — Questions. Oral Answers. - Trade Figures.
8.
: The recent steep rise in imports, deriving from substantial increases in personal incomes and consumption, could be dangerous if it persisted for long. Notwithstanding the success attending our continuing efforts to step-up exports, the Government are considering how general economic policy should be adjusted so as to prevent the emergence of an excessive deficit in the balance of payments in 1969. Import controls are not envisaged.
: Does the Taoiseach think it a serious situation —sit down; hang on; we are not on a gallop; that we shall have a deficit this year of——
: The gallop day has gone; no muttering from the front benches.
: Order.
(Cavan): A majority of 62 votes in Clare.
: We will see what you would be like if you had the chance.
: Let us hear them play The West's Awake again. Why do they not play it?
: How about the PR acolyte?
: Would the Taoiseach agree with the forecast of a deficit of £115 million this year?
: I cannot hear what the Deputy said.
Mr. O'Leary
: This is a very serious situation. Would the Taoiseach indicate to the House at this stage what action he proposes to take in the light of the forecast of a deficit of £115 million this year?
: That is under consideration.
: Go to the country.
: Would the Taoiseach consider taking any action in this session——
: It is under consideration.
: Will the Taoiseach have another Budget?
: He will play The West's Awake.