Jonathan O'Brien
Ceist:188. Deputy Jonathan O'Brien asked the Minister for Finance the projected fiscal space, inflation rate and rates of growth in GDP and GNI for the years 2020 to 2024. [47032/18]
Amharc ar fhreagraTuesday, 13 November 2018
Ceisteanna (188)
Freagraí scríofa
As I have outlined previously, ‘fiscal space’ is no longer a useful concept. Government budgetary policy is instead guided by the appropriate fiscal stance - the position that is right for the economy at this point in time and ensures steady, sustainable improvements in public services and living standards.
The table below details the forecasts for inflation (both the headline and core Harmonised Index of Consumer Prices (HICP)), GDP and GNI from 2020-2023. Forecasts beyond 2023 have not been compiled by my Department.
|
2020 |
2021 |
2022 |
2023 |
|
|
HICP |
1.7 |
2.9 |
2.4 |
2.6 |
|
Core HICP^ |
1.8 |
3.0 |
2.4 |
2.6 |
|
Real GDP Growth |
3.6 |
2.5 |
2.6 |
2.7 |
|
Nominal GNI Growth |
5.2 |
4.2 |
4.3 |
4.4 |
^ Core inflation excludes energy and unprocessed food from the index.