Oireachtas Joint and Select Committees

Wednesday, 27 September 2017

Committee on Budgetary Oversight

Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance

2:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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The reduction is Government policy as opposed to the rules that are being forced on us by Europe or the rules we have agreed with Europe.

In terms of the MTO, by reducing the fiscal space by €150 million the Government believes it will hit 0.5%. Is the calculation exactly 0.5%? Is the figure lower? Is the figure rounded up or down?