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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Could you put a cap on it? Through the Chair-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I am verbally dyslexic.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Through the Chair, could the Minister put a cap on it, a backstop date? He could say, "immediately but in any event, not later than".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Through the Chair, that is what parents often said to children when they were asking for more pocket money, "as soon as may be".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Use it or lose it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I like the idea of a three-year, rolling forward period. It is really an expression in advance for years 2 and 3 of the three-year period of budget expenditure and approval - outline expenditure and outline approval. Could it be that in the case of changed circumstances, the Government might find itself on the back foot and encounter difficulties in revisiting year 2, which becomes year 1...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The positioning of it in terms of the understanding of the greater public will be important. They might see it as being a declaration of intent at certain levels for year 2 and that an adverse event outside the economy forced it back.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: For instance, warships.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: They could be blown up in six weeks.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: It is important to be tight in defining these things. The wording is that the Irish Fiscal Advisory Council "shall endorse", while the requirement from the troika concerns whether the forecasts have been endorsed. The council can either endorse or not endorse. Perhaps the wording should be "shall endorse or not endorse, as appropriate".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: It would express it clearly. Paragraph (a) refers to the macroeconomic forecasts, while parageraphs (b) states "provide an assessment of the official forecasts". Are the macroeconomic forecasts and the official forecasts one and the same?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: There would be a tendency to believe they were from the way this is presented. What are the official forecasts?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I do not understand-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Yes, it is either endorse or not endorse.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Is it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: That is weird. It does not make sense.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The other function is to provide an assessment of the official forecasts. It is not clear what the official forecasts are. Let us call a spade a spade. I am not saying I am not agreeable to what the intention is, but let it be stated correctly.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The Parliamentary Counsel got it wrong in the referendum campaign on children's rights. There was a contradiction in one of provisions, as I pointed out.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: There are different timings of forecasts.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: That is precisely it; it is like two different snapshots in a movie reel.

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