Oireachtas Joint and Select Committees
Wednesday, 14 September 2022
Committee on Budgetary Oversight
Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Covid was a period in which we had very low inflation. In fact, we had deflation on a few occasions. Economies were closed. We are now in a high-inflation environment, with a record number of people at work. We need to put measures in place that will work and make a difference but are appropriate to that different environment. That is what we are trying to do.