Fiscal discipline and stability are essential to maintaining economic growth and higher employment, while also being a formal requirement of EMU membership. Our approach to fiscal policy in government will be situated in the context of our over-riding commitment to the EU Growth and Stability Pact, to which Ireland is committed as part of our adoption of the euro. This means respecting the requirement that, over the course of an economic cycle, the General Government Balance will, on average, not exceed 1 per cent of GDP.
positive towards constitutionalism