Dáil Éireann Debate, Wednesday - 26 October 2016
63. Deputy Maureen O'Sullivan asked the Minister for Finance the nominal GNP numbers for 2015-2021 that underpin budget 2017; the reason he excluded these figures from the budget documentation published on budget day; and if he will make a statement on the matter. [32287/16]
Amharc ar fhreagraMy Department's forecasts for growth in real GDP and GNP are included in table 3 of the Fiscal and Economic Outlook (page c.13). These measures of economic output are adjusted for price changes i.e. inflation or deflation, and as a result provide a more accurate measure of economic growth than nominal metrics.
Nominal GDP forecasts have been reported in Budget 2017 as EU Member States express fiscal metrics such as the General Government Balance and General Government Gross Debt as a share of nominal GDP rather than nominal GNP.
The nominal GNP forecasts underpinning Budget 2017 for 2015-2021 are provided in the table below. Figures from 2018 onwards are on a no policy change basis.
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
Nominal GNP (nearest €25m) |
202,650 |
215,425 |
224,950 |
235,000 |
245,350 |
255,400 |
265,800 |
Source: 2015 Central Statistics Office (CSO); 2016 to 2021- Department of Finance.
