Oireachtas Joint and Select Committees
Wednesday, 7 September 2022
Committee on Budgetary Oversight
Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion
Mr. Sebastian Barnes:
We have mostly been talking about the social impact which is obviously the most important aspect. There is an economic aspect as well which is that if people are suddenly hit by huge bills, they will rein back their consumption, perhaps on labour intensive things in the local community, and that will have an economic as well as a social impact. There is an economic case to smooth the adjustment of these things and manage the way it is distributed.
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