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Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: It has been accepted that-----

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: I will read the sentence. It states that while the fiscal rules will continue to be based on GDP, the European Commission also acknowledged in its assessment of Ireland's 2018 stability programme that GNI* reflects more accurately the income-----

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: -----standards of Irish residents and the public debt sustainability. It continues by stating that it also needs to be assessed against complementary indicators such as debt to GNI*. It is accepting everything that has been said, but the rules are the rules, and they are European rules. The GNI* measure is taken into account when the stability report for Ireland is being issued but the...

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: It is.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Far more importantly, our contribution to the EU is based on GDP and not GNI*. This is costing Ireland, therefore, several hundred million euro each year that our GNI*-----

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: But not GNI*?

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: That means our contribution is not actually based on what is more appropriate to Ireland. It is based on the EU-wide standard, which in reality means Ireland is paying a higher contribution to the EU each year because that contribution is based on the European legal definition rather than our domestic GNI* measure.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: There is an outcome and a consequence of this.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Yes.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Yes.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: At the same time, it is costing Irish taxpayers money, in extra contributions each year, based on that.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Yes.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Yes, it is complementary.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: The Committee of Public Accounts has done a good job in highlighting the matter. During the course of our meeting very useful documentation was put into the public arena, which would be of interest to the people who follow those things. We fulfilled the role-----

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: -----in terms of public accounts by dealing with this matter publicly. The next Department is the Department of Justice and Equality. We said: "The Committee recommends that the Chief State Solicitor's Office ensures its oversight mechanisms are sufficient to prevent reoccurrence of this unacceptable waste of taxpayers' money". That relates to where the Probation Service took over a...

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Great.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: Of course.

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: As indicated, I think that-----

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: On last week?

Public Accounts Committee: Business of Committee (29 Nov 2018)

Seán Fleming: No. These matters were brought up only last week. We have written to RTÉ.

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