Oireachtas Joint and Select Committees

Thursday, 22 June 2023

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

We will be discussing this at length. I would even ask this of the Norwegians. Why should a country save it rather than use it to diversify its economy and diversify its industrial base? One of the things we learned from the last crash was that even though we had a buffer fund, the National Pensions Reserve Fund, it was gone overnight once the downturn came. It did not really act as much of a buffer.

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