Oireachtas Joint and Select Committees
Wednesday, 21 October 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with Governor of the Central Bank
Steven Matthews (Wicklow, Green Party) | Oireachtas source
I thank our guests for their attendance and their submission. I turn to economic forecasting, which, as they admitted, is very difficult because of a number of factors, such as Brexit, Covid-19 in Ireland and how other economies will perform in respect of Covid. Personal savings have accrued throughout the economy over the past six to seven months. I do not know what the exact figures are but I have seen references of €8 billion to €10 billion. Will measures such as those in the recent budget to invest heavily in capital expenditure, infrastructure and job-creating areas that will stimulate the economy, as well as being de-carbonising, instil confidence in the economy and encourage people to spend those accrued savings? Do our guests have views on how we could create that confidence in the economy?
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