Dáil Éireann Debate, Tuesday - 24 July 2018
200. Deputy Pearse Doherty asked the Minister for Finance the estimated resources that would be borrowed to spend at minimum compliance with the fiscal rules in each year until 2021, including figures for gross borrowing and additional borrowing above Government levels. [33108/18]
Amharc ar fhreagraMy officials have outlined for the Deputy the manner in which fiscal space is calculated.
As I have outlined in the Summer Economic Statement, budgetary policy will be set in order to support sustained, incremental improvements in public services and living standards. The Government will not adopt pro-cyclical policies that would threaten the living standards of Irish people – this has been tried before and we are still living with the consequences. I trust the Deputy is aware that the ratio of debt to GNI* is over 110 per cent.
