Oireachtas Joint and Select Committees

Tuesday, 20 September 2016

Committee on Budgetary Oversight

Revenue Raising Proposals: Minister for Finance and Revenue Commissioners

9:30 am

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

I thank the Minister and his officials and welcome officials from the Revenue Commissioners. The Minister referred to the strong metrics in the domestic economy. It is noticeable, however, that the tone on the international side speaks to a much greater degree about risk, uncertainty and concern. Will the Minister provide the Department's updated assessment of Brexit and other noticeable developments and their impact on the economy? We must wait for three weeks or thereabouts for the updated projections? Is it the case that if the assessment of fiscal space were being updated, it would not be as favourable as it was when the various factors that feed into the calculation were locked in? Will the Minister provide his assessment of these risks?

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