Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Dr. Kieran McQuinn:

Yes, exactly. As I said, there will be a sizeable reserve fund pretty soon so we need to start having a debate about how it is going to be used and where. There are other issues that need to be thought about. For example, putting a huge amount of money into the economy at any point in time does come with risks, particularly an economy that is performing as strongly as the Irish economy. There are issues around making sure that inflationary pressures are not stimulated by doing do. There are a lot of different parts to this but we must decide where investment priorities lie, how much of the fund should be used per annum and how much should be used over a multi-annual period. That is the nitty-gritty that needs to be teased out.

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