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

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

That is fine, Chair. I have waited until last. I will outline my points here if I can have answers on two issues in respect of the potential role of the independent fiscal institutions, IFIs.

In respect of debt sustainability assessments and the assumptions that go into them, does IFAC see a role for itself in the input of those assumptions and, for example, does the council see that preventative spending mechanism as being part of that? What engagement does the council seek from the legislature on the assumptions that go into debt sustainability assessment? Specifically, Dr. Eddie Casey mentioned a role for national budgetary frameworks. Can I ask where we are planning to move, for example, towards a well-being budget? We know that we have shadow carbon budgeting, which is a new requirement. We are also looking to the long-standing commitment with respect to gender and equality budgeting but can the council clarify how it sees its role in respect of the national budgetary framework reflecting all of these other factors, all of which are also risk factors?

Comments

No comments

Log in or join to post a public comment.