Ceisteanna — Questions. Oral Answers. - Trade Figures.
asked the Taoiseach whether in the light of the latest trade figures any special measures are planned to counteract the imbalance shown.
Comment on this
: The recent steep rise in imports, deriving from substantial increases in personal incomes and consumption, could be dangerous if it persisted for long. Notwithstanding the success attending our continuing efforts to step-up exports, the Government are considering how general economic policy should be adjusted so as to prevent the emergence of an excessive deficit in the balance of payments in 1969. Import controls are not envisaged.
Comment on this
: Does the Taoiseach think it a serious situation —sit down; hang on; we are not on a gallop; that we shall have a deficit this year of——
Comment on this
: Would the Taoiseach agree with the forecast of a deficit of £115 million this year?
Comment on this
: This is a very serious situation. Would the Taoiseach indicate to the House at this stage what action he proposes to take in the light of the forecast of a deficit of £115 million this year?