Oireachtas Joint and Select Committees
Wednesday, 7 September 2016
Committee on Budgetary Oversight
Economic and Fiscal Position: Economic and Social Research Institute
2:00 pm
Kate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source
I wish to ask another question before the witnesses reply. I do not want to waste their time. Is any other country in the OECD modifying or making up a new algorithm or sum? Is Ireland the only country doing this? I am sure outside companies that are investing in Ireland, and putting their trust in Ireland as a country, look at all the data. Will it not look really bad that we have our own secret data, or our own sum, for the GDP? Will it not look ridiculous if we are in our own little part of the table that shows how countries are performing? Will companies not be concerned about whether they can believe anything we say? I am concerned from an investment point of view about how it might look if we are making up new sums specifically for Ireland.
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