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

3:40 pm

Professor John McHale:

It is factored in. It is unfortunate that all the European measures use GDP. The Acting Chairman is correct that GNP is a better indicator of what is happening overall in the Irish economy. It partly explains why the Exchequer returns are better than might be indicated.

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