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Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: It is difficult to know from year to year. It is one way of keeping the public in the dark. The LPT is collected by Revenue and is not lodged in the Central Fund. I know there is a rationale but there is another rationale-----

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: We are not discussing the Social Insurance Fund today. Out of curiosity, where did the money surrendered by the Department go? Did it go back to the Department? Did the Department surrender some funding at the end of 2016?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: But that is the Department.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: I know but other Departments surrendered moneys to the Department of Finance. Does the Department of Finance surrender moneys to itself?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: It is only a light-hearted question.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: I take it there have been discussions at Council of Ministers meetings in regard to the Irish use of GNI*. I understand Deputy Cullinane's argument on GDP. Having this bespoke measurement is well and good at official level. However, has it been discussed at Council of Ministers meetings? Have they agreed that GDP is the official position but the GNI* figure will also be considered because...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: I agree with everything. However, if the issue has not been discussed, this is just a discussion between me and Mr. Moran. I am trying to be helpful. I suspect an agreement could not have been reached at official level to use GNI* to supplement the figures.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: What is the position at Commission and Council level regarding the use of GNI* to supplement the information on the GNP figure?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: No other country uses GNI*. Is it acknowledged when we use it in documents? Does EUROSTAT use GNI* in its documents?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: GNI* is not found in any EUROSTAT document and is only found in Irish documents. It is an Irish solution to an Irish problem.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: It takes the whole view of the economy into account.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: It is a secret.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: The Deputy hardly expects an answer to his light-hearted question.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: I ask the Deputy to give us a formal request. That is a fairly serious request.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: Would the Deputy help the secretariat and myself?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: Will the Deputy try to work it up into something written that we can properly consider rather than just a verbal form? I know we will have it on the transcript and I know what the Deputy is saying but so many members are not here.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: It is.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: No.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: What tends to happen is the secretariat goes through the transcript when it becomes available. It is probably something we should discuss in private session. Sometimes members make individual comments or requests. A request is deemed a request by the committee if it comes through the Chair. A personal, individual request that did not get any support does not always make its way into that....

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Seán Fleming: We do not.

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