Oireachtas Joint and Select Committees

Wednesday, 13 July 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Summer Economic Statement: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

It is very likely that inflation will be much higher than expected, particularly as we know what is happening to raw material prices and the energy inputs are quite high as well. There are other constraints apart from the budget and in recent years it has always been a bit of a struggle to get the number of units actually built. It is hard to say exactly what the impact will be. This is an issue of concern and one that the Government should think about.