Oireachtas Joint and Select Committees
Wednesday, 11 May 2022
Committee on Budgetary Oversight
Recent Cost-of-Living Measures: Discussion
Mr. Brendan O'Connor:
Correct. Obviously, forecasts have been horribly wrong over time before. Generally, however, what happens is that they are updated with more information. What the model tries to do, at least, is to give an indication, today, of the impacts on people's incomes from tax or welfare changes happening today.
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