Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

To sum up, the Irish Fiscal Advisory Council is stating there are several risks, the first of which is posed by a pro-cyclical economic policy. The second is there is a lack of proper mid-term planning; the third is in the trapped sectors within the economy, whether they be people in debt distress or on low wages; while the fourth is Government debt. Does Professor McHale agree that these four issues need to be the subject of policy, with a view to evening out the risks to the economy?

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