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 Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

That is interesting because if that had not been the case, and if the support from the Exchequer was counted, one could then do the figures based on that. For example, one could estimate a 50% rate of non-payment and the domestic water charges would result in Irish Water failing the EUROSTAT test. Therefore, it is obviously extremely important how that is calculated.

Another issue in Professor McHale's assessment involves contract manufacturing. Is it fair to say that the driving factor of GDP growth in 2014, which has been relatively substantial, is export growth? Is that the case?

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