Oireachtas Joint and Select Committees

Wednesday, 9 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny: Economic and Social Research Institute

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

The one issue dominating the agenda is the Ukraine crisis. It has come sharp and sudden. I appreciate it has just happened but have the witnesses had an opportunity to do a body of work on the impact of the Ukraine crisis on the Irish economy? What intervention measures should the Government be taking? We had a reduction in excise duty today. What do the witnesses envisage in terms of the cost of living for people? For instance, Ukraine is one of the biggest producers of wheat. I understand we import 30% of our wheat requirements from Ukraine and Russia. What intervention measures are required? Are the witnesses doing a body of work on the impact of the crisis? Where do they envisage there will be a shortage of supply? How can we counteract that? Will they address those questions specifically on the Ukraine crisis?

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