Oireachtas Joint and Select Committees

Thursday, 14 July 2022

Committee on Budgetary Oversight

Summer Economic Statement 2022: Discussion

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I acknowledge the huge work the Minister for Public Expenditure and Reform and his Department have done on this. He will elaborate on the framework in a moment. I welcome the Deputy's recognition in this regard. It also formed part of the national economic dialogue, where we tried to broaden the evaluation of how we are doing beyond the very traditional economic measures of GDP and inflation, although that matters from a standard of living point of view, and the level of employment within our economy. This is vitally important to how we make progress in our society. I anticipate that when we do budget 2023, we will try to give a perspective of how that budget stacks up against those kinds of indicators. As I said, the Minister for Public Expenditure and Reform and his officials have done a lot of work on what that will look like, as has the Department of Finance.

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