Oireachtas Joint and Select Committees

Thursday, 27 May 2021

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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The IFAC report states that "current projections suggest that achieving a balanced budget by 2025 would leave no room to implement new policy measures without increasing taxes or reducing spending in other areas." IFAC has commented elsewhere in its assessment that the programme for Government made spending commitments in core areas such as health and housing, which are required. At the same time, the programme for Government has ruled out tax increases across a majority of tax heads, apart from some smaller areas such as the plastic bag levy, sugar tax and carbon tax. Is the programme for Government compatible with the stability programme update? Is the fact that they are not compatible the reason the SPU lacks credibility, as the IFAC report states?