Thursday, 8 July 2010
Dáil Éireann Debate
the role of macro-economic management and surveillance in securing the longterm sustainability of Ireland’s economic performance and also in responding on a timely basis to risks and imbalances that may build-up in both the private and the public sectors of the economy, including external imbalances vis-à-vis other Euro area members and the funding of any imbalances that might arise;
the requirement for the design and conduct of budgetary and taxation policies to take account of the cyclical nature of particular revenues as well as their temporary nature in certain circumstances in order to maintain an appropriate and effective tax base; and
the case for the establishment of new institutional structures to provide an independent validation of economic and fiscal projections as well as for the introduction of domestic medium-term fiscal rules.
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