Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Mr. Michael Tutty:

That is what the current rules are pushing governments into doing. They are pushing governments into making the investment through mechanisms that are outside the general government deficit and general government borrowing. As a result, public private partnerships become even more significant than they were in the past because they can escape the rules. I would much prefer to see some mechanism within the rules that can allow for more investment to take place. As I said, that may come a bit later once the rules are bedded down.

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