Michael McGrath
Question:123. Deputy Michael McGrath asked the Taoiseach when the Central Statistics Office will publish details on gross national income; and if the new metric will be used for deficit reduction targets. [29401/17]
View answerTuesday, 27 June 2017
Questions (123)
Written answers
The CSO will publish annual current price estimates of modified GNI (or GNI*) for the years 1995 to 2016 with the annual National Income and Expenditure (NIE) 2016 results, scheduled for mid-2017. The CSO plan to develop quarterly estimates of GNI* in 2018, with the estimates calculated at current and constant prices (i.e. adjusted for inflation).
The CSO publishes Government Finance Statistics which form the basis for fiscal monitoring in Europe, in particular in relation to the Excessive Deficit Procedure. The EU fiscal rules are set with GDP as the denominator, allowing for harmonised international comparison.