Oireachtas Joint and Select Committees

Wednesday, 30 November 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

The Government's targets and fiscal framework are structured around the 5% spending rule. The idea is that the Government will continue to increase core spending by 5%. In this case, it was slightly more but the Government would do that irrespective of what happened.