Oireachtas Joint and Select Committees

Thursday, 20 July 2017

Committee on Budgetary Oversight

Summer Economic Statement: Discussion.

10:15 am

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

I echo the comments of Deputy Doherty to the effect that it would be helpful to have a further briefing in early September in the run-in to the budget. I recently raised with the Tánaiste the issues that may arise between 2018 and 202 with the refinancing of the chimney stacks of debt which will fall to be refinanced in that period. Our national debt is the elephant in the room and the Minister said it was 106% of GNI*. Does the Minister have any concerns about the impact of national debt on the fiscal space and the general performance of the economy over the next two or three years?

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