Oireachtas Joint and Select Committees

Wednesday, 21 January 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Annual Growth Survey 2015, Alert Mechanism Report 2015 and An Investment Plan for Europe: Discussion

2:30 pm

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

Is it binding in nature? Is it one of these rules that are somewhat fluffy around the edges? What if we breach it? I realise things can change in terms of revenues and growth rates and so on. I expect the Department's information was correct late last year when it produced a figure of €400 million. What if the Government were to surpass that in terms of expenditure or tax cuts? The Government has already announced that it will cut taxes. This will suck up some of the €400 million. What would actually happen if we break this rule? What kicks in?


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