Oireachtas Joint and Select Committees

Wednesday, 13 June 2018

Committee on Budgetary Oversight

Fiscal Assessment Report June 2018: Irish Fiscal Advisory Council

2:00 pm

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

I will have to leave after I ask my questions as I have a meeting with a Minister to attend. I will return later.

Is what the Minister proposed for the rainy day fund sufficient? Will it be truly countercyclical or more of a contingency fund?

On the macroeconomic risk matrix, the council stated in its report that there is a medium likelihood of overheating in the economy, which would have a medium impact. How important is broadening the tax base in preventing overheating of the economy? What can the Government do to broaden the tax base? Is it fiscally prudent to be looking at tax cuts? Would tax cuts contribute to the possibility of the economy overheating in the next several years?

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