Joanna Tuffy
Ceist:74 Deputy Joanna Tuffy asked the Minister for Finance his views on the maximum fiscal adjustment for 2011; and if he will make a statement on the matter. [34047/10]
Amharc ar fhreagraThursday, 30 September 2010
Ceisteanna (77, 78)
Kieran O'Donnell
Ceist:145 Deputy Kieran O’Donnell asked the Minister for Finance the total budget deficit reduction in value terms; the balance between spending savings on the current and on the capital side and the additional tax measures which will be contained in his forthcoming budget; and if he will make a statement on the matter. [34311/10]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 74 and 145 together.
Work is under way on a four-year budgetary plan that will set out the annual measures required to restore order to the public finances and ensure we meet the commitment we have given to reduce the General Government Deficit to below 3% of GDP by the end of 2014. Restoring sustainability to the public finances is essential to underpin future economic growth. My Department will continue to assess the most up to date economic and fiscal data and its implications for the fiscal consolidation process in the coming years as it prepares the four year plan. An adjustment above the €3 billion will be required next year but it would be premature for me to get into details today about the extent of the additional consolidation required or its broad composition as between adjustments in capital or current spending or taxation measures.