Oireachtas Joint and Select Committees
Thursday, 29 November 2018
Public Accounts Committee
Business of Committee
9:00 am
David Cullinane (Waterford, Sinn Fein)
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On that, it is important to restate that the European Commission might take GNI* into account in that it accepts that is the figure that is used, but that is meaningless. It is the gross domestic product, GDP, figure that is used to calculate and implement the fiscal rules, or any rules. The application of any policy is based on GDP.