Oireachtas Joint and Select Committees

Tuesday, 6 October 2020

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Revised Estimates for Public Services 2020
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)

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

The Irish Fiscal Advisory Council, which is the independent oversight body, does not believe it is the right call. Why did the Government not publish work on the summer economic statement after the July stimulus was announced? It was still July; it was still the summer.

The fact is we are going into a budget next week without any document, regardless of how much the budget diverges from that document, which we know it does every year. There are no projections in regard to where the Department of Finance foresees the economy going prior to the budget. Therefore, there is less scrutiny and less oversight, not only by the Oireachtas, but also by the independent body that was one of the major outcomes of the last financial crash, when it was decided we needed this type of independent oversight and advisory body. The Irish Fiscal Advisory Council is not able to benchmark against a document. Why was this not done after the July stimulus?

Comments

No comments

Log in or join to post a public comment.