Oireachtas Joint and Select Committees

Wednesday, 9 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny: Economic and Social Research Institute

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

Based on that, Furman and Summers suggest the debt-GDP ratio standard we have had can be a bit misleading. I am not sure if the ESRI or the Furman and Summers paper itself gave the example of borrowing for a mortgage and accruing equity in a home. The suggestion is we need a new conversation about investing to accrue assets and value.

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