Oireachtas Joint and Select Committees
Thursday, 20 July 2017
Committee on Budgetary Oversight
Summer Economic Statement: Discussion.
10:15 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I do not believe the changes in the national debt will impact on our fiscal resources for next year as these are a different matter. However, I do have concerns about the level of debt we have at the moment. The publication of the GNI* information was very helpful because previous measurements of national income flatter the magnitude of debt we have. The figure will stabilise next year at between €203 billion and €205 billion, which is a very, very big figure. The wisest thing to do would be to use the proceeds of sales, such as that of AIB, to get the figure down.
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