Oireachtas Joint and Select Committees

Thursday, 8 February 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Reclassification of Approved Housing Bodies: Discussion

9:30 am

Mr. John McCarthy:

When I spoke earlier, it was all in relation to compliance with the fiscal rules. The one thing we did not touch on was the impact on debt. The debt is €200 billion, and we spoke of adding an extra €250 million or so. That would accumulate over time and it would be cause for concern. It would not affect compliance with the debt rule because the debt to GDP ratio is decreasing, but only because the denominator is increasing so much. I wanted to cover that off and mention the debt.

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