Fiscal Council

18 results

While polls over the last year have shown an increased interest in tackling climate change, this appears to have evaporated now that an election is under way. Photograph:  Getty Images

After the 1977 election and before the new Fianna Fáíl government was formed, I travelled to Brussels with a senior Department of Finance colleague. O(...)

Minister for Finance Paschal Donohoe.

The Department of Finance has hit back at criticism of its budgetary strategy from the Irish Fiscal Advisory Council (Ifac), insisting its plans were (...)

When things are going well and prices are rising, we become giddy and optimistic. Such optimism is contagious. This is what economists call consumer confidence. Photograph: Alan Betson

One of the most essential, but least well-understood aspects of macroeconomics is that economics is counterintuitive. This is because macroeconomics, (...)

Among younger women, while our participation rates for female graduates are higher than those of our EU neighbours, for women with Leaving Cert education they are significantly lower.

There are many signs that the Irish economy is growing close to its potential output. In particular, the stress in the housing market, with rapidly ri(...)

Apartment supply is the main concern when it comes to building costs, with house building seen as satisfactory by sources. Photograph: Neil Hall/Reuters

It is not financially viable for builders to construct “affordable apartments” with sales prices of between €240,000 and €320,000, a Government report(...)

Housing output has been below the equilibrium level of about 30,000 units for a number of years. Housing output needs to rise. Photograph: Chris Ratcliffe/Bloomberg

The Irish economy is currently experiencing a fall in unemployment not seen since the late 1990s. There are obviously many factors that are different (...)

Paschal Donohoe: many of the economic choices facing the State will fall to him. Photograph: Chris Ratcliffe/Bloomberg

The MacGill Summer School, held annually in Glenties, Co Donegal, and which has been taking place all this week, is easy to parody. Official Ireland t(...)

Prof McHale expressed deep reservations about Budget 2016 on Wednesday.

The chairman of the Irish Fiscal Advisory Council Prof John McHale said on Thursday he stands over a warning he issued over the level of overall spend(...)

 Trying to spin it both ways

Reading many of the pre-budget headlines in recent weeks I was reminded of an exchange I had with a member of the audience at the MacGill summer schoo(...)

Minister for Finance Michael Noonan before announcing this year’s budget at Government Buildings last October. The momentum in the Irish economy means that fairly rapid growth is likely to continue into 2016, a key factor in assessing what the budgetary strategy should be for next year. Photograph: Dara Mac Dónaill

Between the mid-1970s and 2007 the budget for the coming year was presented to the Dáil in December, immediately before the new financial year started(...)

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