Oireachtas Joint and Select Committees
Tuesday, 13 December 2016
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
5:00 pm
Mr. Sebastian Barnes:
This illustrates the work we do on the endorsement side of the forecast. The point of this section is to illustrate some areas where we believe there are alternatives to the assumptions or scenarios of the Department of Finance. This could have a major implication. For example, the wage implication is important for consumption and Government spending, especially if Government spending is going to have to follow these increases.