Oireachtas Joint and Select Committees

Wednesday, 18 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

4:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

With a debt of about 60% of GDP, to have a balanced budget means we must have a structural deficit of 0.5%. The Government is targeting 0% by 2018 but the fiscal council believes the Government is overshooting the target and is applying more austerity than is required to meet it.

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