Oireachtas Joint and Select Committees

Wednesday, 13 June 2018

Committee on Budgetary Oversight

Fiscal Assessment Report June 2018: Irish Fiscal Advisory Council

2:00 pm

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein)
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The risk matrix diagram on page 54 refers to the housing supply pressures. They are deemed to have a high likelihood of having a medium impact on the economy. Can the witnesses expand on the harm this could cause to competitiveness within the economy? There is huge demand for housing, which has to be met. The Government and the Opposition are putting a significant focus on filling that demand. Can the witnesses comment on how that might lead to the economy overheating, and what mitigating factors could be taken to prevent that?