Oireachtas Joint and Select Committees
Tuesday, 6 September 2016
Committee on Budgetary Oversight
Analysis of Economic Forecasts: Central Bank of Ireland
1:00 pm
Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source
In terms of the point the Governor made about the debt, it is thanks to the revision and so forth that we are coming under 80% again. Is he advocating that we have a debt to GDP ratio like the one we had before the crash? Would it be 25%? What is he talking about? Is 60% the rule? We are heading back - and Deputy Barrett made the point - after a colossal effort being made by the people of this country who bore the brunt of the European banking collapse towards the 60% rule. Dr. Fagan's presentation referred to the positive improvements that have been made. Why place another cross on the backs of the Irish people in terms of the debt?
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