Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
9:00 am
Mr. Derek Moran:
I will explain what concerns me. A couple of things arise as we head into 2020. The prospect of a disorderly Brexit is one of those concerns. There are simple costs associated with what Mr. McCarthy would refer to technically as the operation of the automatic stabilisers. Unemployment would go up and tax receipts would fall as a result of a disorderly Brexit. The cost could run to a couple of billion euro. We need to have an eye on that.
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