Oireachtas Joint and Select Committees

Wednesday, 10 May 2023

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

Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

I would like to give two answers on that. First, technically we do not quite understand what it refers to. This is a live topic and one of the things that needs to be clarified. I gave Deputy Doherty two open questions but there is a much longer list. The question is if it is relative to the structural balance and we can achieve that either on the spending or the revenue side. The danger is that one of the problems underlying this proposal is the structural balance is still based on the commonly agreed methodology of working out potential output. As we know in this country-----

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