Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

ECOFIN Meeting: Minister for Finance

9:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The Senator took the words out of my mouth. In the late 1990s and early 2000s, as our national income grew and the level of debt remained the same, the percentage obviously dramatically improved. I would like us be able to do both. I would like our national income to begin to grow in a sustainable way and for us, by running budget surpluses over a reasonable period, to begin to steadily reduce our level of debt. In addition, one of the most significant ways to reduce the level of debt is what we do regarding our shares in the banking system.

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