Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council

Dr. Eddie Casey:

Not particularly. I refer the Deputy to the final page of our pre-budget statement in which we set out the revenue and spending projections consistent with that recovery scenario. He can see our projections for the deficit in 2022. It was to fall to €6.5 billion from €15.5 billion, which would have been about 2.6% of gross national income. The revenue forecasts were higher every year due to our assumption that domestic demand recovered at a faster pace, as Mr. Barnes said.


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