Oireachtas Joint and Select Committees

Thursday, 14 July 2022

Committee on Budgetary Oversight

Summer Economic Statement 2022: Discussion

Photo of Patricia RyanPatricia Ryan (Kildare South, Sinn Fein) | Oireachtas source

I was also upstairs listening to the full contribution. I just discovered that data out today tells us that prices have risen by 9.1% up to June 2022. That is the highest in 38 years, which is quite shocking. What inflation rate and ECB interest were assumed when the summer economic statement was formulated? What contingency plans have been made if the situation worsens? Are there plans to contribute to a rainy day fund or pension reserve fund?

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