Oireachtas Joint and Select Committees
Wednesday, 11 July 2018
Committee on Budgetary Oversight
Summer Economic Statement: Discussion
3:30 pm
Michael McGrath (Cork South Central, Fianna Fail)
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I will be brief. If it can be quick-fire, over and back, I will be happy to deal with it in that way.
In terms of the fiscal stance next year, the Minister set out in his opening statement that if he had made the choice to spend the extra €900 million within the expenditure benchmark, as well as the figure of €500 million, the headline deficit would be 0.6% and the structural deficit, 0.9%. Would Ireland be in breach of the fiscal rules if we were to do so?