Oireachtas Joint and Select Committees

Thursday, 29 November 2018

Public Accounts Committee

Business of Committee

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

On that, it is important to restate that the European Commission might take GNI* into account in that it accepts that is the figure that is used, but that is meaningless. It is the gross domestic product, GDP, figure that is used to calculate and implement the fiscal rules, or any rules. The application of any policy is based on GDP.

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