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
Professor John McHale:
One of the things we emphasise in this report is the importance of medium-term plans being based on realistic medium-term projections. We note in this report that the projections for expenditure do not fully allow for likely demographic growth. Even more important, they do not really allow for the pressures caused by the rising cost of Government services and benefits as a result of general inflation in the economy.