Dáil Éireann Debate, Tuesday - 26 September 2017
95. Deputy Róisín Shortall asked the Minister for Finance if he will provide figures for the reference rate used by his Department in the calculation of the available fiscal space for each of the years from 2010 to 2021. [40747/17]
Amharc ar fhreagraHaving reduced the deficit below 3% of GDP in 2015, Ireland exited the corrective arm of the Stability and Growth Pact and became subject to the requirements of the preventive arm including the expenditure benchmark in 2016.
The annual reference rate over the period 2016-2021 is set out in the table, and is sourced from the Summer Economic Statement, July 2017.
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
|
Reference Rate % |
1.9 |
3.3 |
3.5 |
3.6 |
3.5 |
3.4 |
