Oireachtas Joint and Select Committees
Thursday, 5 December 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report November 2013: Discussion with Irish Fiscal Advisory Council
2:55 pm
Mary Lou McDonald (Dublin Central, Sinn Fein)
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For the purposes of clarity, the fiscal assessment report states:
The council, as a body, is satisfied that that is the likely scenario taking account of the new rules in the fiscal treaty and so on.
Extended projections out to the end of the decade indicate that the most difficult phase of the adjustment [cutbacks] should be broadly complete in 2015/2016. Modest increases in nominal expenditure should be feasible post-2016, while meeting all domestic and European fiscal rules.