Oireachtas Joint and Select Committees

Tuesday, 1 July 2025

Committee on Budgetary Oversight

Fiscal Assessment Report: Engagement with the Irish Fiscal Advisory Council

2:00 am

Mr. Niall Conroy:

It means you need to make choices. You have three choices when making the budget: what the level of tax will be; what the current level of spending will be; and what your capital spending will be. You cannot increase all three of those at once if the economy is going well. You cannot cut taxes then increase current spending and capital spending all at once.