Oireachtas Joint and Select Committees
Thursday, 3 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report: Irish Fiscal Advisory Council
2:00 pm
Peadar Tóibín (Meath West, Sinn Fein)
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Professor McHale's report mentioned that the Government estimates the fiscal space to be approximately €8 billion and discussed the fact that much of the fiscal space will be consumed by demographic pressures and expenditure responsibilities the State will have in the future.
This means the estimate of the actual fiscal space, if current delivery stands still, is far smaller. What would Professor McHale imagine that to be?