Oireachtas Joint and Select Committees
Wednesday, 30 November 2022
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
Mr. Sebastian Barnes:
Absolutely. We agree and we disagree, as we did then. We agree on the idea that temporary measures are necessary, warranted and sustainable. Using one-off measures is a helpful tool that can complement permanent measures. The difference is that in our reasoning, we see the amount of corporation tax as not being a relevant factor in this discussion. The fact that corporation tax money is coming in is helpful as it boosts the public finances in the years ahead and helps reduce debt. There are many good things around that, but the amount that comes in should not dictate how much we spend because of this constraint in terms of not putting too much money into the economy.
No comments