Oireachtas Joint and Select Committees

Wednesday, 8 March 2017

Committee on Budgetary Oversight

Developments in the National Debt: National Treasury Management Agency

2:00 pm

Photo of John LahartJohn Lahart (Dublin South West, Fianna Fail)
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GNI* was mentioned. We heard a fascinating presentation on it last week when the Governor of the Central Bank and the director general of the CSO attended the committee. Essentially, Mr. O'Kelly is saying we owe a pile of cash and the ratio to whatever measurement is used is irrelevant, given that the pile of cash remains the same.