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Seanad
‹ Order of Business

ESRI budget analysis dispute

Summary

Conway-Walsh challenged the Leader’s reading of the ESRI report, saying its impact on low-income households was the issue. The Leader defended the budget comparison method, attacked Sinn Féin’s costing as ‘voodoo economics,’ and the exchange became increasingly argumentative.

David P.B. Norris Senator David Norris Independent

Absolutely.

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I half understood what Senator Conway-Walsh said about income levels. I do not want to misquote her. Was she speaking about an ESRI report?

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I referred to the analysis in yesterday's ESRI report. It is not Sinn Féin's analysis.

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No, it is not but it is Sinn Féin's interpretation of the analysis that I want to address.

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It is black and white. I have read it all.

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First, the ESRI assessment is done by comparing the budget against a hypothetical wage-indexed budget. Second, the ESRI results show that social welfare increases have happened, pay restoration has begun and the amount of income in people's pockets has increased. In the aftermath of the budget, the ESRI publicly acknowledged that the full indexation of the budget to wage growth would cost more than the resources available for the budget. I know the Senator has a-----

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The Leader is missing the point.

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I am not missing the point.

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It is the impact they were-----

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I know the Senator-----

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Denis O'Donovan An Cathaoirleach Fianna Fáil

We cannot have a debate on the matter now.

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-----wants voodoo economics to come back.

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To be fair to her, she has consistently asked the Government to spend billions of euro beyond what the Government has.

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No, we have costed our proposals.

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That is the whole point.

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They have been costed by the Department of Finance.

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It is Sinn Féin's voodoo economics.

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