Oireachtas Joint and Select Committees
Tuesday, 6 October 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecast for 2016: Department of Finance
6:20 pm
Mr. John McCarthy:
On the role of economics, I agree that we need more of an evidence base and more evaluation of the projects. That is the role of the Irish Government economic and evaluation service. Forecasting also has a role and is certainly one of the key inputs in terms of trying to set fiscal policy.
The Deputy mentioned the sheltered sectors. It is purely a personal view, but I tend to agree; it imposes costs on the economy. As it is detrimental to our competitiveness, I personally would welcome an opening up of some of the sheltered sectors of the economy.
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