Results 761-780 of 1,042,627 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Damien English OR speaker:Holly Cairns OR speaker:Jack Chambers OR speaker:Leo Varadkar OR speaker:Donnchadh Ó Laoghaire)
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: First, I will briefly outline the economic and fiscal context for the budget. Over recent years, the economic backdrop has been defined by a series of successive external shocks. These shocks saw global supply chains upended, inflation surge to multi-decade highs and monetary policy rapidly tighten. One of the most important lessons we have learned from the past few years is that the world...
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: In the projections as part of budget 2025, we set out the medium term. First, the fiscal framework and the general government surplus, which will be set out from there. That is as it occurs every year.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: They will be set out in the-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: We set out the projections in the stability programme update in April on the surpluses beyond 2025. That is public information. We will set out further forecasts and projections as part of budget 2025. The most recent set of projections for the general Government balance, GGB, extend to 2027 and the intention is to publish projections out to 2030 in the budget this year.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: We will set out our medium-term fiscal plan in the autumn. We will set out the projections to 2030 as part of budget 2025 and we previously set out the projections as part of the stability programme update in the spring.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: The Department produces projections of the GGB twice per year, in the SPU and in the budget publications. That is based on a survey of extensive bodies within the general Government sector. As the Deputy is aware, the most recent set of projections for the GGB extended out to 2027 and we will publish projections up to 2030.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: It will be updated as part of budget 2025.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: For next year, it will be just under €6 billion.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: No.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: There is a difference of €2 billion.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: Extensive work on that is ongoing within the Department. There are many moving parts in the economy, as the Deputy knows, and we have to set out projections that are correct and in the context of being out to 2030.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: That will be set out in the autumn.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: That will be set out in the autumn.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: There will be extensive work. The Department has informed me that extensive work is ongoing within the Department of Finance on setting out that projection and that-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: The Department is updating those figures. They were previously published in the stability programme update in April of this year and the Department is working on an updated trajectory for the coming years, as I have said. That is the work the Department is doing.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: I do not accept that.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: I do not accept that and I can allow the chief economist to set out factually the-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: I do not accept the political charge or as the Deputy is inferring, politicisation, of particular figures. I am happy to send information-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: I am happy to allow the chief economist to set out the factual position on how the Department is working through updated projections that will be objectively provided to everybody. I do not accept the Deputy's characterisation of any sort of internal politicisation. That is a very serious charge to make as the Opposition spokesperson on finance-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)
Jack Chambers: -----as if information is being hidden or withheld. It absolutely is not. I am happy to have the chief economist set out the factual position for the committee to clear that. It is important the Deputy does not make any political charge against people who are providing and preparing those wider projections objectively that will be provided to everyone properly. I am happy to allow the...