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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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There is, however, no obligation to accept the rules. The excessive deficit procedure was not a rule but more a guide. With the 3% of GDP or 60% of debt rules, there was a trigger which we signed up to and, therefore, we have allowed the Commission to have a role. The guidance from the Commission is non-binding. Is that the case?