Oireachtas Joint and Select Committees

Tuesday, 1 July 2025

Committee on Budgetary Oversight

Fiscal Assessment Report: Engagement with the Irish Fiscal Advisory Council

2:00 am

Mr. Seamus Coffey:

When we look at what is happening currently with spending, one of the key concerns we have is its unbudgeted nature. We had a budget in October and as we progressed through the year, we saw overruns developing in many areas and additional policies introduced for the budgetary year. We are supposed to be getting ready for budget 2026 but even at the start of July, we are probably looking out for some budgetary measures that will be introduced for 2025. It is that planning there. We are not saying the level of spending is wrong or there is overspending happening. There is clearly unplanned spending that is beyond what is set out in the budgetary figures. A committee such as this, budgetary oversight, should be looking to get accurate budgetary figures. We are tasked with assessing budgets every year.

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