Oireachtas Joint and Select Committees

Tuesday, 20 June 2017

Committee on Budgetary Oversight

Irish Fiscal Advisory Council: Discussion

4:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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What engagement, if any, has the council had with the Department and the ESRI? Whatever about the assessment in the past, we need to get this right. Obviously, future policy will be dependent on trying to get an understanding.

There will be some clarity at some stage on the outcome and whether we are looking at World Trade Organization tariffs and so on. We need to have the model right at that time to project. Has the Irish Fiscal Advisory Council been engaged with the Department and the ESRI in this regard? Do they accept the points raised by the council in respect of what has resulted in the underestimation of the impacts of a hard Brexit in the model they are using?