Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
12:20 pm
Mr. John Moran:
The most important test of sustainability is to start with the person's income. It is not a problem of negative equity. One starts with the person's income and works out from that the monthly payment the household can sustain. As the Deputy mentioned earlier, the term can be extended or the principal amount can be reduced.