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:

The fiscal rules, as I said, are about ensuring fiscal sustainability. If the Government was to decide to spend more in any particular area, all the rules say is that is absolutely fine but it has to raise revenue to pay for it. To me, that is not unreasonable given where we have come from and our debt level at over €200 billion. That seems absolutely reasonable to me.

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