Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

Ireland is an outlier in terms of how the framework was envisaged to work at the beginning. Perhaps some of the professor's colleagues wish to comment. I think he said the framework broadly worked for Ireland. An awful lot of what is going on in the country is unique. Ireland has the highest growth rates in Europe. How does this blend into the framework?

The professor talked about meeting targets. He broadly said he agreed with what the Government had in place, but we have been told our growth rates are conservative. During the week the ESRI stated they would be superseded. How does this blend in in terms of whether we will meet our targets? Perhaps the professor's colleagues wish to comment.

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