Oireachtas Joint and Select Committees

Wednesday, 30 November 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

On current projections, people will have permanently lower real incomes at the end of this as a result of this shock. However, as I said, there is massive uncertainty about it and about the timespan it may happen in. Energy prices could come back down again and the Government is correct to think about that. The way it does that is by mixing permanent and temporary measures.