Oireachtas Joint and Select Committees

Tuesday, 19 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement: Central Bank of Ireland and ESRI

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

Is that not the real dilemma for us? If we look at the published article, Managing the Public Finances in a Full-Employment Economy, we are trying to balance things. Dr. O'Brien has just given us the message from the Central Bank that we are not to spend any more and should tighten everything, yet we can see the threat to our competitiveness as well as the impact that has on immigration, the labour force and all of that. I am just looking to the Central Bank for direction in terms of what it would do. The witnesses say we cannot do this but what can we do?

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