Oireachtas Joint and Select Committees

Wednesday, 7 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion

Photo of John LahartJohn Lahart (Dublin South West, Fianna Fail) | Oireachtas source

I thank Mr. O'Brien for bringing that proposal to our attention. I am taken by it as I am sure are the Chair and other members. If we have time before the budget, I am sure we will look at it.

The reduction in the investment by foreign investment funds and pension funds in property in Ireland is a good thing. The witnesses do not deal with constituents. This is not the forum to discuss it but they have had a very negative impact on the availability of houses, rental prices and accommodation in Ireland. The model needs to be reset. I do not share anybody's enthusiasm for it. There is another forum to discuss this.

I would like to leave time for questions to the NERI representatives but I have another question for Mr. O'Brien. As a director of IBEC, will Mr. O'Brien give us some concrete examples and put flesh on the bones of the calls IBEC gets from companies on the challenges they face? Will Mr. O'Brien flesh them out rather than giving generalisations?

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