Oireachtas Joint and Select Committees

Wednesday, 30 November 2022

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Dr. Eddie Casey:

Exactly, but we have this broader argument about how the spending rule should work, and one of the points we make is that it should be thought of as a net spending rule. If we introduced offsetting tax increases to fund it, we could introduce an €800 million tax-raising measure that would bring us back to a 5% increase.