Oireachtas Joint and Select Committees
Tuesday, 13 December 2016
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
5:00 pm
Professor John McHale:
I would say it is a move away from the commitments we have made but at this point I would not exaggerate it. One could imagine the situation being an awful lot worse but that is why we refer to it as a slippage and an incomplete implementation of the framework. There are reasons to be concerned. We really believe this framework is something that can protect the State and when we see its incomplete implementation, it raises certain concerns. Again, however, I would not exaggerate it at this stage.
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