Oireachtas Joint and Select Committees

Wednesday, 23 October 2024

Committee on Budgetary Oversight

Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council

5:30 pm

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein)
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Maybe IFAC could let us have that. How many times has it overestimated? It should be fairly easy to see in GNI*. It is important for us to see the patterns that are there. IFAC endorsed the macroeconomic projection we received on budget day. Apart from the element I outlined, it also looked at the comparisons on the benchmark projections and forecasts from other bodies. IFAC said that the projections were within endorsable range. How did the projections of others compare to IFAC's benchmark projections?