Oireachtas Joint and Select Committees
Tuesday, 6 September 2016
Committee on Budgetary Oversight
Economic and Fiscal Position: Nevin Economic Research Institute
1:00 pm
Dr. Tom McDonnell:
Yes, it draws on the Department of Finance and the fiscal council. The same applies to the GDP deflator, which is the single missing piece of the puzzle that still is unknown and still has not been locked down in terms of budget 2017. Obviously, a higher GDP deflator will allow a little bit more of fiscal space, at least upon a ten-year average.
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