Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source

We always had a series on net national product taking account of depreciation. Why did that accounting system not catch some of those massive inflows? The Lane committee's report indicates GNI* will be produced and we will have a number of other structural indicators, with the quarterly publication of the gross value added and net national product. Will all of those happen and will we be able to monitor this position much more carefully in future? With the advent of President Trump and concerns that people have about the impact of his policies on foreign direct investment in this country, it may be less of a problem for us in future. We look forward to the publication of GNI*. Does the Minister of State believe our European colleagues will take it seriously or will they simply look at gross domestic product and gross national product as the fundamental indicators? None of the rest of those countries has had the experience of having to create this totally new series of accounting.

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