Oireachtas Joint and Select Committees

Thursday, 18 October 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Fiscal Responsibility Bill 2012: Committee Stage

2:00 pm

Photo of Liam TwomeyLiam Twomey (Wexford, Fine Gael) | Oireachtas source

I am sorry, but I do not want to hear too much more. I will read the note on section 2. It sets out the mandatory duty of the Government to endeavour to comply with the fiscal rules set out in Articles 3 and 4 of the treaty. Amendments Nos. 1 and 2 proposed to modify this obligation to delete the words "shall endeavour to secure the fiscal rules" and substitute "may decide to secure the fiscal rules so long as doing so is conducive to the social and economic development of the state". The amendments have been ruled out of order.

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