Oireachtas Joint and Select Committees
Thursday, 8 May 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
2:05 pm
Mr. John McCarthy:
We are required to have a balanced budget in structural position by 2018. For Ireland, as for most other countries, achieving the medium-term objective should be sufficient to more than comply with the debt correction rule. I believe the Deputy is asking about that rule, the one twentieth rule which features on the last line.
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