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:

There would be a discussion at official level between ourselves and our interlocutors in the European Commission, and at political level between the Minister and his colleagues at the Economic and Financial Affairs Council. If a country can demonstrate that its economy is subject to a shock, it will be allowed to deviate from the adjustment path to smooth the shock.

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