John Drennan: Dail committee calls for 'budget deficit referendum'
Published 31/10/2010 | 05:00
The Sunday Independent has learnt that a Dail Finance Committee draft report has recommended that Ireland should have a referendum to prevent Irish governments breaching agreed targets on the budget deficit.
Earlier this year, the powerful Finance Committee was asked by Brian Lenihan to devise "a new fiscal framework" for the country. This includes issues such as how future Budgets would be structured and acceptable spending and deficit targets.
A draft report is currently being considered by the committee, which is being advised by the TCD academic Philip Lane.