Oireachtas Joint and Select Committees

Wednesday, 19 June 2024

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

5:30 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We are dealing with apples and oranges in a way. The Department is stating that IFAC is taking it as granted that social welfare rates would be indexed. It will state it is a policy decision and it will strip out existing level of service. The IGEES recommendation is 3% of total current expenditure for the year. Would the IGEES's model of calculating existing level of service be an appropriate measure, with regard to 3% of total current expenditure for that given year? If IFAC were calculating on this basis, would the stability programme update still be under-providing? If so, by how much?

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