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Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I will come back to Deputy Boyd Barrett later. He has had ten minutes already.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank Mr. Coffey. I call Deputy Burton. She has ten minutes because everyone else had six minutes.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: The Deputy's eight minutes are up and we must give the witnesses the opportunity to answer.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: Deputy Burton can come in later.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: We want everybody to have an opportunity. Deputy Burton can come in again.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I ask those present to switch off their phones. There is interference.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank Mr. Coffey. I call Deputy Calleary. He has ten minutes, since everyone else-----

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I might be able to answer the Deputy's question.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank Mr Casey. Deputy Eamon Ryan is next, followed by Deputy Brophy who has just a brief comment to make. Deputy Lisa Chambers is in the other room but will return. Dr. Lawless is also in attendance on behalf of the ESRI------

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: -----and we might take a ten-minute break before the next session. Deputy Eamon Ryan has ten minutes.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank Deputy Ryan and Mr. Coffey.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: The Deputy is the last contributor before we take a break.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I can only give Deputy Chambers five minutes. I apologise, but we ran over time while the Deputy was attending another committee. After her five minutes, we will take a break of ten.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: We did deal with some of this earlier.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I appreciate that. I am just letting the Deputy know.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank Mr. Coffey for that and for his presentation. There is not the time for all the members to speak again because the witnesses from the Economic and Social Research Institute, ESRI, are waiting to attend the committee. I thank Mr. Coffey, Mr. Tuffy, Mr. Casey and Dr. Lawless for attending and also for the presentation and answering all the questions. I propose we take a ten minute break.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I welcome Professor Alan Barrett, Dr. Martina Lawless and Dr. Kieran McQuinn, and thank them for attending. They will be asked to deal with the following themes in their presentations: a macroeconomic analysis of the economy; income taxation, in particular the distributional impact of merging USC and income tax; Brexit; demographic pressures; and labour market participation. Before we...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: I thank the witness. As the Chair, I have two very quick questions. I note Dr. Lawless's references to Dr. Shane Whelan's proposal and to pensions. How does she think that any reforms to the USC could be made in a revenue-neutral way, because it will obviously be a huge loss? Does she think that, in those circumstances, there would have to be an intermediate tax? On labour participation,...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: Demographics.

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Josepha Madigan: Deputy Heydon has five minutes

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