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. John McCarthy:
I would not call it a mistake. The Deputy asked about investment. That is fair enough. We do not build aircraft in Ireland, so if an aircraft leasing firm buys an aircraft it buys from the US, France or wherever. As such, it is an import, so there is no impact on gross domestic product, GDP. However, the depreciation of that is included in GDP, which was not part of the question. That is excluded from-----
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