Oireachtas Joint and Select Committees
Thursday, 19 April 2018
Public Accounts Committee
Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
9:00 am
David Cullinane (Waterford, Sinn Fein)
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That is important because the implementation of policy is important and how we work out the fiscal rules. They are, at least, made to appear complicated but one of the measurements used to work out the fiscal space under the fiscal rules is debt-to-GDP ratio. When a state goes above or below a certain threshold relating to the ratio, that has an impact on how the rules are implemented. Is the State's current debt-to-GDP ratio 73%?