As the Deputy is aware the latest estimate of the General Government Primary Balance for 2011, as well as my Department's latest projections for the years 2012-2015, is set out in Table A1, Annex 2 on page 49 of the recently published Stability Programme Update. These estimates are set out again in the table below:
% of GDP
|
2011
|
2012
|
2013
|
2014
|
2015
|
General Government Primary Balance
|
-9.4*
|
-4.2
|
-1.9
|
0.8
|
2.8
|
*This is the headline Primary Balance. The underlying Primary Balance, excluding the 3.7% of GDP in GGB impacting capital transfers to AIB and ILP, was -6.0% of GDP.