Oireachtas Joint and Select Committees

Tuesday, 24 June 2025

Committee on Budgetary Oversight

Annual Progress Report 2025: Discussion

2:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Apologies if I was not clear enough. There were not two publications. There was just one, but that one publication contained two scenarios. There is the baseline of no tariffs and the second, which Deputy Fleming quizzed me on. We considered alternative scenarios too but we hit the question of how many would be enough. We decided to lay out one, regarding what the medium-term outcome could be, with a 10% tariff being something that was applied in the economy over a number of years. When we get closer to doing the budget, we will be able to consider alternative scenarios if things begin to further change.