Oireachtas Joint and Select Committees

Wednesday, 22 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I want to touch on a couple of points. Mr. Barnes spoke about the national development plan with Deputy Ged Nash. Will IFAC be doing a review of what the Government is proposing and expressing an opinion on it? What does Mr. Barnes want to see in the national development plan that would give IFAC comfort in terms of the policies being pursued around the catch-up we are doing on the public expenditure side and the capital side? It is peaking at 6% in coming years. What rate would IFAC like to see that normalised to over time? I have read the IFAC report and that is a feature. We are doing catch-up. We have come through a very difficult period since the crash in 2008 and with Covid and everything else. With everything now moving in terms of the green agenda, we have to restructure our infrastructure in those terms. Will Mr. Barnes deal with that because I would be interested to hear his thoughts?


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