Oireachtas Joint and Select Committees

Thursday, 19 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report 2014: Irish Fiscal Advisory Council

2:25 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

What are the consequences of missing the deficit target, which is actually a limit? It is referred to as a target but it is a limit in that it has to be less than 3%; it is not a target. What are the consequences, directly and indirectly?

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