Oireachtas Joint and Select Committees

Wednesday, 6 July 2022

Committee on Budgetary Oversight

Economic Quarterly Report - Summer 2020: Economic and Social Research Institute

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

I apologise again for that break in proceedings. There was a vote in the Dáil. We are waiting for Deputy Ryan to come online. She is just coming from the Chamber. In the meantime, I will ask some questions of my own. I noticed that the word “prudent” was used in the context of fiscal policy. This might sound like a blunt question, but could the witnesses outline the parameters of prudent fiscal policy in the context of current interest rate changes, the war in Ukraine, the knock-on effects of distortions to the market and all the things stemming from that. When we refer to being prudent in this context, what are we talking about? I refer to the medium to long term, which is the perspective this committee is concerned with.

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