Oireachtas Joint and Select Committees
Wednesday, 7 September 2022
Committee on Budgetary Oversight
Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion
Dr. Eddie Casey:
No, I appreciate the question and I think it is a sensible one to ask. However, we have seen in the year to date that 90% of the measures that were introduced and that were supposed to be temporary actually were universal measures that were not targeted and went to everyone. That added to the inflationary pressures we already have seen this year and they are estimated to have added up to 1% inflation over the medium term. There is therefore a big risk, in terms of getting the balance right, if we do too much, too fast and it is not targeted. Trying to put a fine point on it and to give an exact number is hard for us to do in our position when we do not know what those measures are going to be.
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