Oireachtas Joint and Select Committees

Wednesday, 13 July 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Summer Economic Statement: Irish Fiscal Advisory Council

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

It strikes me that the Government ring-fenced the carbon tax for the purpose of deep retrofitting of homes. It is breaking that fence because it does not seem to have the capacity to be able to deliver on that particular job.

It also strikes me that Ireland is very much a country with a two-tier economy. We have a very robust foreign direct investment sector, but we do not have the same experience in the domestic sector. Many countries across Europe are concerned about recession. Would it be possible that in the coming years we would not be in recession in overall terms but that the domestic sector might be?

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