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

Let us take 2014, for example. If one looks at the figures in mid-2014 and the different factors that make up GDP, all of them - personal consumption, Government expenditure, gross fixed capital formation and exports - with the exception of net exports, were lower at that point in mid-2014 than they were pre-crisis. The exception was gross exports which were miles above net exports.

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