Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
12:20 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I will feed this back into the discussion we had on mortgages. Incidentally, figures have come out while we have been speaking and there has been an increase to 11.9%. Apparently this is a lower rate of increase than we have had in previous quarters. Earlier Mr. Moran offered the definition of a sustainable mortgage being a person's income versus the current market valuation of the property. Did I understand this correctly?
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