Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed): Irish Fiscal Advisory Council and Nevin Economic Research Institute

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I agree with Dr. McDonnell. To prepare for shocks, we need to refer to trends on an ongoing basis with a view to trying to avoid the kind of shocks that we have had in the past. Does he think that our current national debt functions in the proper direction and is proportionately dropping according to the strength of the economy? Giving that the growth of the economy will have an impact on our borrowing capacity at any time in the future, is he satisfied that we have made sufficiently stable provisions?

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