Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Mr. Vasileios Madouros:

The reason we are focusing on the numbers is that our projections are short- to medium-term, up to 2025. As the Cathaoirleach rightly mentions and as we were saying earlier, there are medium-term structural challenges for the economy. Indeed, some of them are not medium-term but are very immediate, like housing. The Cathaoirleach's point about looking further ahead is really important. It is about having sustainable growth and frameworks into the future, not just now. This links to some of the points made in the report of the Commission on Taxation and Welfare regarding broadening the tax base.