Oireachtas Joint and Select Committees

Wednesday, 8 December 2021

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

We have not made a full update of the budget forecast. The budget was delivered before much of this positive news on revenues in the last part of the year. We believe the deficit will be substantially lower. It is likely to be much closer to 4% of national income than 6%, which is what was set out in the budget. It could be a much narrower deficit.