Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I thank the Deputy. The legal requirement is to provide the forecasts for the current year plus three, so we have done that up to the end of 2027. The SPU is governed by EU-wide rules. As the summer economic statement, SES, is not, we are now examining how much further into the future horizon we can go as part of the summer economic statement. I have asked my officials to work towards a longer-term horizon in the fiscal forecasts for the forthcoming summer economic statement. Both Departments are working on that as we speak. That is the intention and we are working through that at the moment in the context of the SES.

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