Michael McGrath
Question:66. Deputy Michael McGrath asked the Minister for Finance the State's final structural deficit in percentage terms in 2016; and if he expects changes at this point. [42445/17]
View answerTuesday, 10 October 2017
Questions (66)
Written answers
The estimated structural deficit for 2016 was 1.4% of GDP, as published in the Summer Economic Statement 2017.
As the structural balance is a function of the general government balance, GGB, it may be updated should the Central Statistics Office revise the GGB in its October Excessive Deficit Procedure transmission to Eurostat. The structural balance is also a function of the estimated output gap in 2016, and this will change over time.
An update will be provided in the Budget 2018 documents.