Oireachtas Joint and Select Committees

Tuesday, 15 July 2025

Committee on Budgetary Oversight

Quarterly Economic Commentary: Economic and Social Research Institute

2:00 am

Dr. Conor O'Toole:

It does. For example, if you build a hospital, you have to staff it and there are knock-on impacts and interactions between the two. That is why we are trying to reinforce that net position whereby if we want to do more on the spending side, we have to have more restraint on the taxation side. In a sense, we can make choices within that but we are pulling back in general and on the economy in a net sense. Really that is the advice from us on that. It is echoed by other commentators like the Central Bank and IFAC. In a sense, it is across the board. As I said earlier, we do not always agree on everything but we seem to agree-----

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