Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
9:00 am
Mr. John McCarthy:
The Deputy is absolutely right. Under the fiscal rules, one is only allowed to do so much in order to ensure fiscal sustainability but the Stability and Growth Pact - the fiscal rules - does apply for what is called an escape clause. In other words, if one hits force majeureevents, that is, events that are beyond the-----
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