Oireachtas Joint and Select Committees

Wednesday, 4 December 2019

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Seamus Coffey:

What we are saying is that the Government would be forced to grow spending at a lower rate for a period to make that adjustment. When it comes to the overall package of spending and revenue which the Government introduces, the Government can increase spending at a faster rate than we might suggest if it increases taxes. We look at this on a net basis. Say the Government wants to increase spending by more, or a potential hole has to be filled, it can be done through borrowing temporarily or by increasing taxes, it does not necessarily have to be a reduction in spending.

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