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Government’s “accountancy error” deeply embarrassing – McDonald

1 November, 2011 - by Mary Lou McDonald TD

Speaking in response to the news that the general government debt is €3.6bn lower than originally expected, Sinn Féin spokesperson on public expenditure and reform Mary Lou McDonald described the news as “deeply embarrassing”.

Deputy McDonald said:

“Today’s news that the government debt is €3.6bn lower than originally expected is deeply embarrassing for the government and the officials involved.

“The idea that an ‘accounting error’ of this size went unnoticed for so long is truly amazing.

“What is even more shocking is the failure so far of the government to comment on this news.

“On the basis of this information the government no longer needs to cut €3.6 billion in the budget to meet the EU/IMF deficit target of 8.6% next year.

“I am calling on the Taoiseach Enda Kenny to make a statement on the matter outlining how, if at all, today’s news changes his government’s approach to the budget.”

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