Oireachtas Joint and Select Committees
Thursday, 29 November 2018
Public Accounts Committee
Business of Committee
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
What they are saying is that debt to GNI* is a better and more accurate reflection of debt in Ireland than GDP. The problem, however, is that the EU fiscal rules use debt to GDP and not debt to GNI*. In the presentation of reports, therefore, the European Commission might reflect the fact that GNI* is more accurate. My point, however, is that it is meaningless in respect of policy.
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