Seanad debates

Tuesday, 20 November 2012

Fiscal Responsibility Bill 2012: Committee and Remaining Stages

 

5:55 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

The issue was also raised in the other House. Subsection (4) applies where a correction plan is in operation, as required under section 6(1). If exceptional circumstances arise during the implementation of the correction plan, its implementation will be stopped when the circumstances change. That is straightforward. A new plan under section 6(1) would then be required. Subsection (5) deals with a potential future breach of the budgetary rule, hence the word "may". One cannot be as prescriptive about a potential problem.

Comments

No comments

Log in or join to post a public comment.