Oireachtas Joint and Select Committees

Thursday, 27 May 2021

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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On debt sustainability, does Mr. Barnes accept that the fiscal and monetary environment has changed, with many arguing for debt sustainability to be measured with respect to debt servicing costs rather than the crude measurement of debt to GDP ratios? Does he accept the old model of measuring what the State can or cannot afford to do has changed and this will change the approach of IFAC in future?