Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed): Irish Fiscal Advisory Council and Nevin Economic Research Institute

Dr. Eddie Casey:

If I can jump in, I understand the semantics are important here and I would like to explain why we think about it as a national spending rule. One reason is when we talk to other fiscal councils internationally and look at other countries and what they are doing, the big thing we have is the EU or international fiscal rules and then national fiscal rules. In a lot of cases national fiscal rules, or spending rules, are not in legislation and are just agreements. They are either coalition agreements or-----