Oireachtas Joint and Select Committees

Wednesday, 2 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Dr. Claire Keane:

Practically, it is very difficult to use forecasts because it is necessary to play catch-up constantly. It is a question of whether the forecast, if it is not correct, must be fixed each year. From a purely practical point of view, most countries use a slightly historical index. We are talking about a few months.