Oireachtas Joint and Select Committees

Wednesday, 8 December 2021

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I hope, more than just international organisations, that at EU level there would be some kind of encouragement of member states to undertake this. I realise it is a significant project, but it is absolutely vital.

On the issue of the EU, the fiscal rules have been discussed. The timing of it is an issue. Like Deputy Mairéad Farrell, we are all working away on that public consultation in respect of EU governance. It is interesting that within the very constrained questions that were set out, there seems to be a question in respect of domestic fiscal rules. Does IFAC believe we should revisit and review domestic fiscal guidelines or rules and establish new ones?

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