Oireachtas Joint and Select Committees
Wednesday, 3 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Examination of EU Fiscal Rules: TASC
Pearse Doherty (Donegal, Sinn Fein)
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I ask Dr. Sweeney to address the new rule that is being proposed, namely, the minimum fiscal adjustment of 0.5% of GDP if debt is above 60% of GDP. Does that fiscal adjustment of 0.5% of GDP relate to debt reduction or deficit?