Oireachtas Joint and Select Committees

Wednesday, 13 July 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Summer Economic Statement: Irish Fiscal Advisory Council

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Mr. Barnes mentioned that the level of debt is comparatively high historically, and internationally among countries of a similar size. What I understand from Mr. Barnes is that, given all the knowledge we have, we are not going to be returning to a situation where our interest rates will be decided on the basis of our ability to be able to repay debt, which was the major factor in our experience ten years ago.

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