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
Mr. John McCarthy:
The two are absolutely consistent. The parliamentary question refers to investment in aircraft leasing and investment in intangible assets. What is excluded, as can be seen from the CSO note, is not investment in but the depreciation of intellectual property and aircraft. The reason they are GDP neutral on the investment side is because they are imported.