Oireachtas Joint and Select Committees

Wednesday, 1 June 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

It is less than the revision in revenue over the same period. Wages have not responded that much to inflation yet so we are not getting that much of that effect coming through in what we have seen already. There are a number of other factors pushing it up. A combination of factors push revenue higher. At the same time, the Government has used more of the contingency than would otherwise have been the case.

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