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

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent)
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I understand that, but I do not agree with what the Department is doing. Mr. Moran is using the market language to justify something yet when it comes to the GDP, it is a very serious game. I am not saying Mr. Moran is playing a game but he is being forced to play a game. He is actually not complying with the law in regard to GDP. As a country we are not complying with our obligations yet when it comes to housing, it is not put into Mr. Moran's statement that housing is a huge risk. It is not put in anywhere in his statement. I might have missed it because I have been in and out of the room. Is it a good economic indicator to put that much money into the private system that is already overheated in my opinion? It is a simple question.