Oireachtas Joint and Select Committees

Wednesday, 5 December 2018

Committee on Budgetary Oversight

Fiscal Assessment Report November 2018: Irish Fiscal Advisory Council

2:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

I welcome Mr. Coffey and the delegation. In terms of risks and our net debt ratio we seem to be moving up the table. We have almost moved out of the relegation zone if we compare it with Premier League football. Is the Irish Fiscal Advisory Council happier with the overall debt risk situation? It is still very large but net debt seems to be reasonably under control. We have the rainy day fund, which I understand from the Minister is also a net figure. Is it an overarching risk for the future that we should be much happier with?

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