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The fiscal surplus reached almost 9% when the price of copper was high, which allowed for fiscal room when the financial crisis hit.
The federal government has a large fiscal surplus.
For some years, Finland has been running proportionately the biggest fiscal surplus in the euro area.
Mr Spratt also worries that the fiscal surplus is not as huge as most politicians believe.
The result is that the primary fiscal surplus (ie, before debt payments) is dwindling.
"Now we have a fiscal surplus — and that's since the first year of our government.
Far from having a deficit, Ireland has a fiscal surplus of 4.6% of GDP.
Mr Manuel sees his fiscal surplus as the government's contribution to a national saving effort.
Its primary fiscal surplus (ie, before interest payments) is shrinking and government debt is growing.
The forecast fiscal surplus can best become reality through rapid economic growth.
That means immediately scrapping George Osborne's fiscal surplus target for 2020.
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