Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Committee on Budgetary Oversight
Stability Programme Update: Discussion
Pearse Doherty (Donegal, Sinn Fein)
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I welcome both Ministers and their officials to the committee. I appreciate the responses up until now. The Minister, Deputy McGrath, and I touched on this point earlier as we dealt with the legislation in the finance committee but in its assessment of the stability programme update, the Irish Fiscal Advisory Council's report in 2023 stated:
The Government should extend its fiscal forecasts in line with its macroeconomic projections. This would enable the Council to better assess medium-term debt sustainability and it would help to deliver credible plans on how we tackle medium-term challenges such as climate and ageing.
The Government decided not to do that, with fiscal forecasts only being given up until 2027. Why did the Minister, Deputy McGrath, ignore the commentary and advice of the fiscal council again this year?