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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 have my gavel here.

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: When Dr. McQuinn refers to a site tax does he mean one that is completely separate and distinct from the local property tax?

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: An additional tax?

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 final point.

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 may make one quick point because a number of other people wish to speak.

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 am sorry, Deputy,-----

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: Does Dr. McQuinn wish 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: I call Deputy Boyd Barrett, who has five minutes. I mean that. I ask him to do the best he can. If he could ask his question in a focused way, it would be great.

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: Yesterday, DKM told us there would be fines of €610 million by 2020 in respect of climate change if we did not reach our targets, with between €3.7 billion and €5.5 billion by 2030. These figures are quite significant.

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: At one point the ESRI indicated that any benefit outweighed the costs of the help-to-buy scheme. Is that right?

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: Okay.

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 Professor Barrett. What I referenced there, as the clerk just pointed out to me, about the help to buy scheme is that the ESRI says that previous development incentives were extended to such a level that any benefit is outweighed by associated costs. I think I may have said it the other way around, according to the clerk. I have been here for three and a half hours.

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 had a syntax malfunction. I thank Professor Barrett, Dr. McQuinn and Dr. Lawless. We appreciate their contributions and presentations. I thank members of the committee as well.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I have received apologies from Deputy Pat Deering. Before I begin, I welcome all the members to this meeting of the Committee on Budgetary Oversight. I am delighted to be selected as chairwoman or chairperson, and I look forward to working with all of the members. As members will be aware, this committee was established in 2016 to consider national issues affecting public expenditure...

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I thank Deputy Calleary.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I inquired of the clerk to the committee and I understand that I was entitled to take the Chair.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I appreciate that.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: That is fine. As Deputy Calleary will be aware, I have been a member of the Committee of Public Accounts for the past year. It is quite an adversarial committee. I have read the transcripts over the past number of months. This committee is somewhat more salutary.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I hope to continue in that vein. I thank Deputy Calleary for his good wishes.

Committee on Budgetary Oversight: Business of Select Committee (12 Jul 2017)

Josepha Madigan: I appreciate that. I thank Deputy Brophy.

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