Oireachtas Joint and Select Committees
Thursday, 19 April 2018
Public Accounts Committee
Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
9:00 am
Mr. Seamus McCarthy:
Essentially, the top part of the table gives figures for what are conventionally defined as GDP, GNP and GNI. It is done on this basis everywhere. The working group looked at what elements within GNI were causing a distortion. One can see that there was an unusual effect in 2015, particularly with regard to depreciation of research and development intellectual property imports. Something very significant happened in that period.
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