Michael McGrath (Cork South Central, Fianna Fail)
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The first country specific recommendation includes a reference to using windfall gains to accelerate the reduction of the general government debt ratio. Could the Minister give his view on Ireland's current general government debt ratio? What is the appropriate measure of it? Does he believe it to be on a sustainable path? Apart from improvements in our annual budgetary position, does the Minister have plans to offset further windfall gains to reduce the general government debt at this point?