Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

Committee on Budgetary Oversight

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

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Covid was a period in which we had very low inflation. In fact, we had deflation on a few occasions. Economies were closed. We are now in a high-inflation environment, with a record number of people at work. We need to put measures in place that will work and make a difference but are appropriate to that different environment. That is what we are trying to do.

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