Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

1:30 pm

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

The input the Central Bank of Ireland offers is significant, however. Mr. Makhlouf mentioned demographics. As I understand it, one of the assumptions there seems to be at the moment is that there will be a flat line on immigration. That does not seem to be plausible in a geopolitical context. As I said, I know the Central Bank does not do the debt sustainability assessment, but it has, as Mr. Makhlouf said, been open in various views about long-term financial and fiscal planning. It would be useful to know what input is going in because we, as a committee, hope to engage on and scrutinise the Government's five-year expenditure plan. I believe we have written to request an opportunity for scrutiny of it. It would be useful to have the Central Bank's examination of those risk factors.

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