Oireachtas Joint and Select Committees
Tuesday, 20 June 2017
Committee on Budgetary Oversight
Irish Fiscal Advisory Council: Discussion
4:00 pm
Mr. Seamus Coffey:
We are warning about the current levels of debt remaining high considering we have gone through a crisis where there was substantial borrowing undertaken by the State. It looks like GDP has fallen quite rapidly. We are well below the EU average but that GDP figure is not necessarily reflective of the debt repayment capacity of Irish people. Therefore, the debt remains high-----
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