Oireachtas Joint and Select Committees
Wednesday, 14 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals.
3:35 pm
Mr. John Palmer:
Independent macro economic forecast means, according to the regulation, the macro-economic forecast produced or endorsed by independent bodies. I do not believe there is scope to split up the forecasts. There is one difference, however. There is a reference in the regulation to independent macro economic forecasts and another reference to independent budgetary forecasts. We must also indicate in the case of the latter that they were either independently produced or endorsed. I do not believe there is much scope to split up forecasts.