Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Photo of Norma FoleyNorma Foley (Kerry, Fianna Fail)
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I agree with Mr. Barnes. Clarity, in itself, breeds confidence.

I draw his attention to what the IFAC calls in its paper the "appropriate fiscal stance". It has three phases. A significant element of that is the need for a fiscal stimulus. We have spoken at length about the SMEs, which are hugely important. I come from County Kerry, which is hugely dependent on tourism. Independent studies show that Kerry is the county that has been most severely impacted by the Covid-19 pandemic because of its reliance on tourism. I ask Mr. Barnes's view on the fact that a county, such as Kerry, particularly from the tourism point of view, needs a particular financial stimulus package on the basis that it is the county that has been most impacted. Have there been any studies on the impact on tourism and what that means for the tourism economy, both to a county such as Kerry, and nationally as well?