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 John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

IFAC's business is budgets, figures, projections and all of that. If IFAC cannot get a handle on the figures in health that would allow the council to be confident about making a projection in respect of the budget, how can the Department do it? Is it a guesstimate? Is it a wild guesstimate? Mr. Barnes is concerned about the impact of the type of spend on the whole budget process. How does the Department reach a decision that it will provide an additional €1 billion this year? Does the Department measure outcomes? What does it measure to come to that figure?

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