Oireachtas Joint and Select Committees

Tuesday, 23 September 2025

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed)

2:00 am

Dr. Martin O'Brien:

To clarify, the analysis does not show that these sectors are necessarily shrinking. They are just not going to be as big as they would otherwise have been. The pharmaceutical sector would probably be about 5% to 6% smaller in this analysis in about ten years' time than it would otherwise have been. We are still going to see growth in that sector. It is just that other services sectors might grow faster.

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