Oireachtas Joint and Select Committees

Wednesday, 13 September 2017

Committee on Budgetary Oversight

Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute

2:00 pm

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail) | Oireachtas source

I will be brief. I thank Mr. Coffey and apologise to him and his team. I am a member of a committee that is sitting next door, which is why I have been in and out.

In terms of overheating, the witnesses referred to implementing offsetting actions.

I would be interested to hear Mr. Coffey's views on the recent commentary from the Governor of the Central Bank that we risk overheating if we build too many houses too quickly to deal with the backlog we have created over the past ten years. He spoke about having potentially to slow down other areas of the economy to allow the construction sector to grow faster than it should. Does Mr. Coffey have any views on that? Should we do that and what sectors should we slow down? From Deputy Broughan's comments, we have a major crisis we must deal with and, politically, it is the biggest issue we are all getting into our offices.

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