David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Yes. Can Mr. McCarthy or Mr. Moran outline the work the Department has undertaken to seek changes to the fiscal rules? We have heard a great deal from a lot of commentators and Mr. McCarthy and Mr. Moran will be aware that the Committee on Budgetary Oversight has done much work examining capital spend with regard to fiscal rules. We know there is some flexibility with smoothing the spend over the four-year period but it is accepted that there needs to be change.

If we take the Minister for Finance at his word, he also accepts that there needs to be a change. What levels of work, analysis and engagement have there been between the Department of Finance, which Mr. Moran has said implements the fiscal rules, and the European Commission?