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
Dr. Eddie Casey:
I am not sure of the specifics. I guess it is a question of how much money has been built up in the fund and how fast that can be released while sticking to the rules, for example, today's expenditure benchmark which does not apply under EU rules, and we have the national spending rules as well. If we were to suddenly use all that money in one year, would we exceed the spending limit because of it if we are already at the limit? The Government tends to have a target of moving exactly in line with the spending rule and to spend no more and no less. If we were to suddenly use all of this money, it would push us over the ceiling.
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