Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015
9:00 am
Mr. John McCarthy:
It is our legal obligation. Everything from the Stability and Growth Pact to fiscal rules is done on the basis of GDP. That will always be the case because in most countries, GDP is the correct measure. We are just unusual in the Irish context, given the size of multinationals and some of the more unusual activity-----