Oireachtas Joint and Select Committees

Tuesday, 4 October 2016

Committee on Budgetary Oversight

Forecasts for Budget 2017: Department of Finance

11:00 am

Mr. John McCarthy:

It depends on the timeframe used. Let me put it this way. While I cannot provide exact figures, a figure of 20% in the period since the 1970s would not be out of the ballpark. However, one needs to take into account the growth in the multinational sector in this period, especially during the 1990s and 2000s.

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