Oireachtas Joint and Select Committees

Thursday, 1 October 2020

Committee on Budgetary Oversight

Pre-budget Engagement: Minister for Finance

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael)
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I thank the Chair and I welcome the Minister. Regarding the budget and the recovery of the Irish economy, how does the Minister see the impact of a vaccine being found for the Covid-19 virus feeding into the budgetary process? Can the economy recover fully before a vaccine is found and what are the implications for budgeting? The Minister might also comment on implications of a no-deal Brexit for budget preparations. The EU has also set aside the fiscal rules for the moment, but for how long does the Minister foresee that being the case? I ask the Minister, therefore, for his overview of the economic landscape for the next three years, including whether the Irish economy can recover before a vaccine is found and the implications of a no-deal Brexit.