Oireachtas Joint and Select Committees

Thursday, 27 May 2021

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

From a forecasting prospective, it is a reasonable way of doing a forecast. Obviously, there are risks around that but it is a starting point. For us, the main concern is the fact that overall revenue, whatever the rate would be, would fall and that is a major problem because it is a big share of the tax take.