Oireachtas Joint and Select Committees
Wednesday, 18 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Forthcoming ECOFIN Council: Minister for Finance
4:45 pm
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
With a debt of about 60% of GDP, to have a balanced budget means we must have a structural deficit of 0.5%. The Government is targeting 0% by 2018 but the fiscal council believes the Government is overshooting the target and is applying more austerity than is required to meet it.