Oireachtas Joint and Select Committees

Wednesday, 10 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

That was a very telling episode. The transparency around the public finances is very important for many reasons. It is important in terms of public debate but also for market confidence. What happened in the UK was perceived at being an attempt to get around that. Of course, people who want to pursue things in a non-transparent way raise questions about why they are doing that. It shows the role of fiscal councils and why they are important.

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