Oireachtas Joint and Select Committees

Thursday, 18 October 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Fiscal Responsibility Bill 2012: Committee Stage

3:05 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I accept that the Irish Fiscal Advisory Council will take account of these issues in preparing the reports. For example, in the September report it addressed the question of debt sustainability. It seems that this is so central to what the council is about that it should be given a specific function to provide an assessment of debt sustainability. As long as it continues to do this in reports, I do not have a problem. Nevertheless, it should be given explicit recognition.

The Minister referred to the pensions issue, which must be dealt with, and indicated there have been some discussions with troika representatives. Was the Minister referring to State pensions or public sector pensions beyond changes already proposed?

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