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Budget Deficit

Dáil Éireann Debate, Tuesday - 7 June 2011

Tuesday, 7 June 2011

Ceisteanna (111)

Pearse Doherty

Ceist:

115 Deputy Pearse Doherty asked the Minister for Finance the size of the Exchequer deficit in national budgets between 2006 and 2011 as a percentage of GDP and in monetary terms; and if he will make a statement on the matter. [14399/11]

Amharc ar fhreagra

Freagraí scríofa

The figures for the Exchequer Balance for the years 2006-2010 as well as the latest estimate for 2011 are set out in the following table, along with nominal GDP figures for the years 2006-2010 as well as the latest estimate for 2011. The Deputy may wish to note that the Exchequer Balance figures for the years 2006-2009 are available from the September 2010 edition of my Department's Budgetary and Economic Statistics publication. The 2010 figure is from the end-December 2010 Exchequer Statement. The 2011 figure is the Department of Finance forecast from the recently published Stability Programme Update (SPU). These documents are available on my Department's website.

The nominal GDP figures for the years 2006-2010 are from the CSO Quarter 4 2010 Quarterly National Accounts publication, which is available on the CSO website. The 2011 figure is the Department of Finance forecast from the recently published SPU.

Revisions to the GDP level could affect the Exchequer Balance/GDP ratios

Exchequer Balance

Nominal GDP

Exchequer Balance

€ million

€ million

% of GDP

2006

+2,264

177,342

+1.3

2007

-1,619

189,374

-0.9

2008

-12,714

179,988

-7.1

2009

-24,641

159,647

-15.4

2010

-18,745

153,939

-12.2

2011 (Forecast)

-18,165

156,075

-11.6

Question No. 116 answered with Question No. 40.
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