The ESRI has said a supplementary Budget might be needed post-Brexit. Image: Sam Boal The ESRI has said a supplementary Budget might be needed post-Brexit. Image: Sam Boal A SUPPLEMENTARY BUDGET “is entirely possible” according to Fianna Fáil’s Brexit spokesperson Lisa Chambers.
Minister for Finance Paschal Donohoe has already indicated the Budget this October will reflect a scenario where there is a hard Brexit. Speaking at the launch of the Budgetary Oversight Committee’s report yesterday, Chambers said no one can know for certain if a supplementary budget will be needed, but added that it is possible.She stated that she found it “bizarre” in the first instance that the minister was drafting two budgets and essentially guessing which outcome will be most likely prior to 31 October.
Chair of the committee, Fine Gael’s Colm Brophy, said members had yet to discuss the ESRI recommendations, but said it would meet to look at the matter of a second Budget if necessary. A lot of things can change in the three-week run up to Brexit D-Day, and while Donohoe has indicated he would not have another Budget, even if a deal is struck with the UK, some government sources have indicated that the minister might be tempted.
With this year’s Budget giving little away, it is hardly what Fine Gael wants to be remembered for going to the polls, said the senior source.
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