Written answers
Tuesday, 9 December 2008
Department of Finance
Fiscal Policy
10:00 pm
Joan Burton (Dublin West, Labour)
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Question 195: To ask the Minister for Finance his views on the introduction of a debt ceiling which would limit the national debt to a certain proportion of national income; and if he will make a statement on the matter. [45380/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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In line with the provisions of the Stability and Growth Pact, all EU member states, including Ireland, agree to respect a General Government Debt ratio of 60% of GDP. General Government Debt is the standard measurement of gross debt used for comparative purposes within the Union.
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