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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Púnt Devaluation.

Public sector borrowing requirements

Summary

O’Kennedy sought annual Exchequer, semi-State and total public-sector borrowing figures. After a dispute over supplementaries to a tabular answer, Dukes gave the 1982 and 1983 estimates: total borrowing fell from £2,466 million to £2,386 million, while semi-State borrowing rose from £521 million to £664 million.

asked the Minister for Finance the amounts of (a) Exchequer borrowing, (b) borrowing by semi-State agencies and (c) the total public sector borrowing requirement; and if he will express these as a percentage of GNP in tabular form in respect of each year since 1973, including an estimate for 1983, which will take into account the increase in the foreign debt as a result of devaluation.

Comment on this

A Cheann Comhairle, it is with some trepidation that I point out that the reply is in the form of a tabular statement which I propose to circulate in the Official Report.

Following is the Statement:

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

Ceist 15.

Comment on this

The Minister is answering Question No. 14?

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

We are moving on to No. 15. The answer to Question No. 14 was in the form of a tabular statement with no trimmings. I suggest that the Deputy should not ask any supplementaries.

Comment on this

I cannot ask a supplementary question if I do not have the information.

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

It will drift into a number of questions.

Comment on this

Will the improvement in the Exchequer borrowing requirement be at the expense generally of the overall public sector borrowing requirement which has been growing? The percentages are always expressed——

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

I am ruling that out of order. We cannot have a supplementary question to a question which has not been answered.

Comment on this

It has been answered.

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

It was answered in the form of a tabular statement.

Comment on this

Does that mean we cannot ask any questions if the reply is in the form of a tabular statement?

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

I am asking for the Deputy's co-operation.

Comment on this

I am anxious to co-operate with the Chair. This is not argumentative. It would concern any Minister for Finance, not just the present Minister. Do the figures show that the improvement, such as it may be, in the Exchequer borrowing requirement as a percentage of GNP is, in a sense, at the expense of a disimprovement in the public sector borrowing requirement?

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

That is a separate Question.

Comment on this

It is not. That is what I asked about.

Comment on this

I should like to give the Deputy the information which he will be able to read from the tables. I will give him the bottom line of the tables. The total Exchequer borrowing requirement for 1982 was £1,945 million for 1983, £1,722. That is the budget estimate. The semi-State sector borrowing requirement was £521 million for 1982 and £664 million for 1983. Total public sector borrowing requirement was £2,466 in 1982 as against £2,386 million in 1983 with an increasing total for semi-State sector borrowing.

Comment on this

That is the point.

15.

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