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

2:30 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

We have some material here and I will supply the Deputy with a copy because a tabular statement accompanies it. The text says that the IMF also calculated the structural balance for Ireland but was allowed to vary its methodology to take account of country-specific circumstances. The text states that its estimates show that by 2015, the actual deficit of 2.8% is still larger than the structural deficit of 2.5%, suggesting that the economy will still be operating slightly below potential at that point. It does not make sense for me to read out the tables but I can certainly supply them.

Comments

No comments

Log in or join to post a public comment.