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. Derek Moran:

The bald answer is "Yes". If one looks at the launch of the stability programme update, Mr. McCarthy and his colleagues have looked at the measurement issue in terms of where we are in the cycle and, importantly, whether we are in a healthy position, and have developed alternative methodologies which strongly support an endorsement by the Irish Fiscal Advisory Council of being a far better tool for determining where we are in the cycle and, therefore, being far more germane to policy making.

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