Oireachtas Joint and Select Committees

Wednesday, 6 December 2017

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

In terms of medium-term planning, ceilings and so forth, which are issues on which IFAC has taken a consistent position, we have projections for the next three years in terms of macro figures for the fiscal space. When the committee discussed this issue previously, I requested that we ask the Department to produce five-year figures because thus far it has refused to do so and has no intention of doing so. How important is it to have figures for five years as opposed to the figures for three years the Department currently produces? Not only are five-year figures not published, the Department has informed us that it has not made any calculations beyond 2021. I thought it might have some information that it was choosing not to publish for reasons of volatility or whatever but it has not even made a calculation. Is that a prudent position in the view of IFAC?

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