Oireachtas Joint and Select Committees

Wednesday, 18 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Minister for Finance

4:55 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

This is my last point. The Minister told us that the rule of thumb is that for every 1% increase in GDP, there is an adjustment of about €800 million that one does not need to make in terms of the deficit.