Oireachtas Joint and Select Committees

Wednesday, 18 April 2018

Committee on Budgetary Oversight

Stability Programme Update: Discussion

3:00 pm

Mr. John McCarthy:

If we do not achieve the MTO, we still have wriggle room. It is set at 0.5 or, rather, -0.5 but there is a quarter point either side of that to allow for uncertainty attached with estimates of the output gap.

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