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

Photo of Edward TimminsEdward Timmins (Wicklow, Fine Gael)
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I agree with much of what the witnesses have said, even though there were some sweeping statements there. In the area of taxes, a lot of the tax we rely on is income tax from people employed by the multinationals. It does not get as much coverage as the corporation tax. I have around ten questions. Do all of the council's spending warnings take account of inflation and population increases? The population goes up 2% per year and inflation could be 5% or 6%.