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Dáil
‹ Order of Business

Debate on fiscal and economic reports

Summary

Micheál Martin seeks a comprehensive debate on fiscal council, IMF, ESRI and Central Bank reports. The Taoiseach agrees to arrange a debate while reserving the Government’s budget position.

Last week I asked about the fiscal council report, the IMF report and the ESRI report and now we have a report from the Central Bank, all of which signal significant challenges and risks to Ireland in fulfilling its medium-term objectives and budget targets. Given the sense of dismissal of these reports by the Government, I am calling for a comprehensive debate on the serious issues raised by the authors of these reports, particularly the report of the fiscal council which we all agreed should be established to have an objective and independent forum to provide advice for the Government. I ask the Taoiseach to be proactive in organising and facilitating that debate. Also, what progress is has been made on the continuation of the Fiscal Responsibility Bill?

Comment on this
Enda Kenny The Taoiseach Fine Gael

I will have no difficulty in arranging that the Dáil have an opportunity to debate the fiscal council report, the IMF report and the Central Bank report. The Deputy is obviously clear on the Government's fiscal correction figure of €3.5 billion. It is just a matter of the Whips arranging an appropriate time for that economic debate-----

Comment on this

The Government Whip tends to dictate what happens here.

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Enda Kenny The Taoiseach Fine Gael

The point is that the Government is quite willing to hear the constructive suggestions of any Deputy on these reports or issues arising from them as it prepares the budget for 2013. I wish to make it clear that the Government will not state its position on the budget in the debate, but with a correction of €3.5 billion to be made, we will be quite willing to hear the views of Members on any of the reports or other matters relevant to the budget as we prepare to meet the fiscal targets and adjustment figures set out for 2013.

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