Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:50 pm
Professor Patrick Honohan:
We will get the numbers on negative equity Exchequer payments for the Deputy. On the Exchequer matter, a nice rule of thumb is that if we are at 120% of GDP, as was mentioned, roughly 40% concerns banking. Therefore, if we did not have the banking losses, we would be at only 80%.
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