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:

It could do so under the proposals from the Commission. There are various conditions under which it can be changed. Part of it relates to there being a change of government. It is important to recognise that the new government would still have to achieve the same kind of objectives in terms of reducing debt, so the margins countries would have to adjust is fairly limited. They could propose a different way of getting to the same place, however.

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