Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015

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9:00 am

Mr. John McCarthy:

The market constraint that could easily exist were we to say: "We will not obey the rules. We will not get to 60% of GDP fast enough. We will build on our €201 billion stock pile of debt and continue adding to that." That would price us out of the markets at some stage.

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