Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2016: Department of Public Expenditure and Reform
9:00 am
Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source
The report also says that expenditure rules seem to be effective in mitigating the pro-cyclical bias which characterises Government spending. If there was a recession tomorrow the fiscal space would shrink to a negative figure and to keep within the fiscal space it would be necessary to introduce extra cuts. Can the Minister explain how is that not pro-cyclical?
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