Dáil Éireann Debate, Tuesday - 23 July 2024
326. Deputy Rose Conway-Walsh asked the Minister for Finance to provide the general Government revenue and expenditure projections out to 2030 that underpin the summer economic statement; and if he will make a statement on the matter. [31755/24]
View answer327. Deputy Rose Conway-Walsh asked the Minister for Finance to provide the net spending and revenue projections out to 2030 that underpin the summer economic statement; and if he will make a statement on the matter. [31756/24]
View answer328. Deputy Pearse Doherty asked the Minister for Finance the estimated general Government balance and Exchequer balance in the years 2025 to 2030, respectively, under the summer economic statement; and if he will make a statement on the matter. [31886/24]
View answer329. Deputy Pearse Doherty asked the Minister for Finance to clarify the variance between the general Government surplus of just under €6 billion for 2025 referenced in the summer economic statement and projected general Government surplus of €9.7 billion for 2025 in the stability programme update; the reason for this variance; and if he will make a statement on the matter. [31887/24]
View answer330. Deputy Pearse Doherty asked the Minister for Finance the projected tax revenue in each of the years 2025 to 2030, under the summer economic statement. [31888/24]
View answer380. Deputy Ged Nash asked the Minister for Finance the projected updated general Government balance (GGB) for 2024 and 2025 respectively, after the publication of the summer economic statement and the allocation of €1.5 billion to the health vote; the projected end-of-year surplus or deficit, in light of the most recent Exchequer returns; if he will confirm that his Department does not have prepared updated GGB figures to hand; if not, the reason therefor; if he will furnish those projections for 2025 to 2030; and if he will make a statement on the matter. [32894/24]
View answerI propose to take Questions Nos. 326, 327, 328, 329, 330 and 380 together.
My Department has not produced updated fiscal projections as part of the Summer Economic Statement (SES) and accordingly the most recent projections remain those published as part of the Stability Programme Update (SPU), which extend to 2027.
The SES noted an implied General Government Balance for 2025. This is a purely indicative, high-level, technical assumption. This is broadly consistent with the surplus set out in the SPU after accounting for the additional expenditure announced in the SES, suggesting a General Government surplus of just under €6 billion for next year. It should be emphasised that this does not constitute a revised comprehensive fiscal forecast.
My Department will produce a full set of fiscal projections as part of Budget 2025 in the autumn. It is intended that these updated projections will extend to 2030. In addition, Government will produce its medium-term fiscal plan, as required under the EU fiscal framework.
