Results 18,501-18,520 of 32,864 for speaker:Paschal Donohoe
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: Yes, it is.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: No, we did not.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: The European Commission was of the view that we delivered our MTO objective.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: It is to deliver the MTO. The European Commission was of the view that we delivered it despite that deviation.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: Yes-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: -----and the Commission was of the view that we delivered our MTO.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: If our structural deficit was not to improve, my view is that the European Commission would view that as a breach of the fiscal rules. It would say we are not meeting our MTO and not improving our structural deficit.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: I have explained the extenuating circumstances to Deputy Pearse Doherty. There was a shift in a single quarter.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: That is correct.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: Yes, we would.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: Yes, that is the case.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: The Commission would be of the view that we are increasing borrowing in our economy at a time that we should not.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: I am clear that if we were at a point where we increased borrowing and our structural deficit was to disimprove-----
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: Let me finish.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: If we were to increase borrowing and our structural deficit disimproved as a result, that would be viewed as a breach.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: No, I do not accept that.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: I know from my engagement with the Commission that it would argue we were increasing borrowing at a time when we should not.
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: No, this is based on the engagement I have with the Commission. Will the Deputy give me an example of an economist or anybody in the Commission, or elsewhere, advocating that we should be borrowing more when the economy is moving toward full employment?
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: The Deputy is proposing we borrow more. That is a legitimate policy choice that he can advocate. Will he, however, give me an example of anyone - an economist because he frequently quotes economists, the Commission and other agencies to me - who would say that with debt as high as we have, with an economy moving to full employment, with growth as high as it is and with the capacity...
- Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)
Paschal Donohoe: I represent the people in homeless accommodation too. I represent the people who want more housing, whether that is public housing or more affordable housing. I represent those citizens as much as does the Deputy. I have as much engagement with them as he does. I did not ask the Deputy if he wanted to increase borrowing more because I know that - he does. Out of all the agencies and...