Dr. Kieran McQuinn:

Of course. The point is that if these were ordinary times and if we did not have these huge inflationary pressures, we probably would be advocating for a mildly contractionary budget because of the pace at which the economy is growing and because of the dangers of inflation. This is particularly the case when you look at developments in the labour market where unemployment is quickly approaching a rate of below 4%. Typically, in the Irish case, when unemployment goes below 4%, there are significant price pressures. The key point is targeting the households that need it the most. That is the key point in terms of what the budgetary parameters should be and for ensuring whatever measures the Government takes get to those households. As has been pointed out, this is because the danger is that more general and more universal measures tend to feed into inflation.