Oireachtas Joint and Select Committees
Tuesday, 12 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
European Union-Related Matters: Discussion with Minister for Public Expenditure and Reform
2:30 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes. By the end of this year the debt-to-GDP ratio is projected to reach 66% and, therefore, the 60% target as mandated by the Stability and Growth Pact should be reached before the end of 2021.
My position on windfall gains is unchanged. The approach I used, for example, on the proceeds from the sale of AIB in the past will continue to be my approach in the future. What we do all of the time is review such opportunities if they are available to us.
While the debt-to-GDP figures are stable and reducing, as a percentage of our GNI*, the same figure for 2017 is 100%.
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