Oireachtas Joint and Select Committees
Tuesday, 13 September 2016
Committee on Budgetary Oversight
Pre-Budget Statement: Irish Fiscal Advisory Council
1:05 pm
Stephen Donnelly (Wicklow, Social Democrats) | Oireachtas source
To be continued. I have two final, technical questions. The fiscal space available is narrowed because the convergence margin is being applied. It is being applied because the Commission believes that the economy is overheating. It is my understanding that the council believes it is neither overheating and that we are more or less there. Would it be the Professor's view that the convergence margin should not be applied, which would increase the fiscal space a certain amount?
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