Oireachtas Joint and Select Committees

Thursday, 5 December 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report November 2013: Discussion with Irish Fiscal Advisory Council

4:15 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

We thank Professor McHale. There was a reference to whether IFAC was being ignored. It is important to emphasise that the vast majority of its advice is taken, and there will be some interest in the other areas where it is taken on board but not fully carried through. It is particularly welcome to hear IFAC getting feedback from us and trying to engineer housing construction and housing supply without recommencing a bubble. That problem will have to be addressed by everybody. I thank the witnesses for attending and look forward to seeing them again in the very near future. I wish them the best with their work, particularly over the next number of months when they have European obligations on our behalf. I also thank the people in the gallery for attending.

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