Oversight of Irish State budget
POPULARITY
The European Union continues to prepare a response to 20 per cent tariffs from the US. But what role will Ireland play in plans? We askedSeamus Coffey, Chair of the Irish Fiscal Advisory Council.
The European Union continues to prepare a response to 20 per cent tariffs from the US. But what role will Ireland play in plans? We askedSeamus Coffey, Chair of the Irish Fiscal Advisory Council.
In this talk, Professor Stephen Millard discusses the outlook for the UK economy in light of the Chancellor's Spring Statement and accompanying Office for Budget Responsibility (OBR) forecast. He compares the current NIESR view as to the outlook for GDP, inflation and the labour market with the OBR's forecast and the forecast from the Bank of England's February Monetary Policy Report. In his remarks, Professor Millard also draws out the implications for monetary and fiscal policy moving forward. About the Speaker: Professor Stephen Millard is the Interim Director of the National Institute of Economic and Social Research (NIESR) in the UK and is currently part of the Irish Fiscal Advisory Council. Prior to joining NIESR, Stephen worked for 26 and a half years at the Bank of England. During this time, he worked in a variety of policy, research and managerial roles across the Bank's Monetary Analysis and Financial Infrastructure Directorates. He is also a Visiting Professor at the Durham University Business School and the University of Portsmouth. He holds a Ph.D. from Northwestern University.
Seamus Coffey, Chair of the Irish Fiscal Advisory Council, and Marie Donnelly, Chair of the Climate Change Advisory Council, discuss a new report analysing the financial and environmental costs of Ireland missing our climate targets.
Ireland must act now to avoid risking massive costs from missing its climate targets. That's the warning today from the Fiscal Council and Climate Change Advisory Council. Speaking to Shane this morning with more on this was Seamus Coffey, Chair of the Irish Fiscal Advisory Council and Lecturer in Economics in UCC.
Ireland must act now to avoid risking massive costs from missing its climate targets. That's the warning today from the Fiscal Council and Climate Change Advisory Council. Speaking to Shane this morning with more on this was Seamus Coffey, Chair of the Irish Fiscal Advisory Council and Lecturer in Economics in UCC.
Seamus Coffey, Chair of Irish Fiscal Advisory Council
Officials at the Department of Finance have warned the Minister for Finance that major structural changes to the tax system will be required to support growing spending pressures on the state and to address the “serious vulnerability” of Ireland's narrow tax base. To discuss further Shane spoke to Seamus Coffey, Chair of the Irish Fiscal Advisory Council and Lecturer in Economics in UCC.
Officials at the Department of Finance have warned the Minister for Finance that major structural changes to the tax system will be required to support growing spending pressures on the state and to address the “serious vulnerability” of Ireland's narrow tax base. To discuss further Shane spoke to Seamus Coffey, Chair of the Irish Fiscal Advisory Council and Lecturer in Economics in UCC.
The OECD launched the Economic Survey of Ireland 2025 on Wednesday,12 February 2025. The biennial Survey provides detailed analysis of economic developments and key structural challenges, as well as making specific policy recommendations in these areas. This year's Economic Survey contains an in-depth thematic chapter entitled 'Making housing more affordable and resilient for all', in addition to exploring recent economic developments, competitiveness, and the green transition. About the Speakers: Paschal Donohoe is the Minister for Finance. He was appointed to this role on 23 January 2025. Before this, he served as Minister for Public Expenditure, NDP Delivery and Reform. Minister Donohoe was elected President of the Eurogroup of finance ministers in July 2020 for a two-and-a-half-year term. He was re-elected in December 2022, beginning his second mandate in January 2023. Álvaro S. Pereira is the OECD Chief Economist and G20 Finance Deputy. He oversees the Economics Department and ensures they are at the forefront of the international political economy agenda. He identifies ways in which the OECD can promote policies to improve member and partner countries long-term economic performance. Previously, he was the Director in the OECD Policy Studies Branch and OECD Country Studies Branch. Prior to the OECD, Mr Pereira was Minister for Economy and Employment in Portugal (2011- 2013) and was also a Professor at Simon Fraser University, Canada, a Lecturer at the University of British Columbia, Canada and at the University of York, UK. Müge Adalet McGowan is a Senior Economist and Head of the Japan/Ireland desk in the Economics Department at the OECD. Since joining the OECD in 2011, she has worked at several desks (Spain, Belgium, Denmark, Sweden) and the Productivity team, where she conducted policy research on productivity, insolvency regimes, and skill mismatches. Before joining the OECD, she worked as a Lecturer in Turkey and New Zealand, and as an economist at the New Zealand Treasury. She holds a PhD in Economics from University of California, Berkeley. Dr Martina Lawless is a Research Professor at the Economic and Social Research Institute (ESRI). Before joining the ESRI, she received her doctorate from Trinity College Dublin and worked as a research economist at the Central Bank of Ireland. Her research has focused primarily on firm-level dynamics and decision making, covering a range of topics, such as access to finance for small and medium firms, effects of taxation, and participation in exporting. More recently, she has investigated the potential effects of Brexit and COVID-19 on firms in Ireland. Her work has been published in a number of leading international academic and policy journals. From 2017 to 2020, she was a member of the Irish Fiscal Advisory Council and she spent 2023-2024 on secondment to the Strategic Economic Development section of the Department of Finance. John McCarthy is the Chief Economist in the Department of Finance, with responsibility for the provision of economic and budgetary analysis and forecasts. He is currently the vice-chair of the OECD's Economic Policy Committee and an advisor to the National Competitiveness and Productivity Council; he was previously the chair of the European Union's output gap working group and a member of the National Statistics Board. He holds a B.A. in Economics and Mathematics from Trinity College Dublin and an M.Econ.Sc from UCD. He previously worked as a senior economist in the Central Bank of Ireland. This event was co-organised with the Department of Finance and the OECD.
Seamus Coffey Chairperson of the Irish Fiscal Advisory Council discusses their latest financial assessment report.
“Ireland is in a favourable position. But a lot depends on how the next government budgets and how it manages corporation tax.” - that's according to a new report from the Irish Fiscal Advisory Council. We discuss the findings of this recent report with Seamus Coffey, Chairperson of IFAC.
“Ireland is in a favourable position. But a lot depends on how the next government budgets and how it manages corporation tax.” - that's according to a new report from the Irish Fiscal Advisory Council. We discuss the findings of this recent report with Seamus Coffey, Chairperson of IFAC.
Thanks largely to corporation tax receipts from multinationals, the Irish state has plenty of money. And so far this election campaign has been largely about how to spend it - on capital investment, on tax cuts and on new spending on all sorts of programmes and projects.But with the threats to Ireland's economic model growing, will such spending be sustainable? Hugh is joined by Professor John McHale, Shana Cohen and Cliff Taylor to discuss Ireland's economic position and whether election spending promises could lead to yet more boom and bust.Shana Cohen is Director at Tasc, a progressive think-tank. John McHale is Professor of Economics at University of Galway's J.E. Cairnes School of Business and Economics and a former chair of the Irish Fiscal Advisory Council. Cliff Taylor is an economics columnist with The Irish Times. Hosted on Acast. See acast.com/privacy for more information.
Dr. Eddie Casey, chief economist with the Irish Fiscal Advisory Council
Niall Conroy, senior economist at the Irish Fiscal Advisory Council, discusses their report on Ireland's infrastructure needs.
A Clare Architect claims introducing artificial intelligence to the planning system and imposing strict conditions on all state contractors is the only way to catch up with gaping housing, health, electricity and transport deficits. A new report published today by the Irish Fiscal Advisory Council has found Ireland may need as many as 80,000 construction workers over the next decade to meet demand but that only 20,000 will be required with improved productivity. IFAC also determined the country is lagging behind European counterparts, by not embracing modern building methods such as modular housing, and that uncertainy around planning is leading to delays and increased project costs. Ogonelloe Architect and Lecturer at the Department of Architecture at the South East Technological University Garry Miley has been telling Clare FM's Daragh Dolan that a housing boom is very possible with the right approach.
Ireland's infrastructure is lagging 25% behind that of high-income European economies, according to the Irish Fiscal Advisory Council. Hubert Fitzpatrick, Director General of the Construction Industry Federation and Seamus Hoyne, Dean of Flexible and Work-based Learning at the Technical University of Shannon.
Ireland's infrastructure is lagging 25% behind that of high-income European economies, according to the Irish Fiscal Advisory Council. Paschal Donohoe, Minister for Public Expenditure debates with Pearse Doherty Sinn Féin TD for Donegal.
Ireland's infrastructure is catching up, but housing and planning are a big challenge. That's according to a new publication from the Irish Fiscal Advisory Council. Speaking to Newstalk Breakfast with more on this was Senior Economist with IFAC, Niall Conroy.
Ireland's infrastructure is catching up, but housing and planning are a big challenge. That's according to a new publication from the Irish Fiscal Advisory Council. Speaking to Newstalk Breakfast with more on this was Senior Economist with IFAC, Niall Conroy.
Seamus Coffey, Chairperson of the Irish Fiscal Advisory Council
That’s the opinion of the Minister for Further and Higher Education Patrick O’Donovan. Jerry put to him criticism by the Irish Fiscal Advisory Council which said that Budget ’25 was a repeat of previous boom-to-boost behaviours.
On Tuesday, Minister for Finance Jack Chambers announced the government's budget and went against the advice of the budgetary watchdog The Irish Fiscal Advisory Council.Seamus Coffey, Chair of the Irish Fiscal Advisory Council and Lecturer in Economics at UCC, joins Kieran to discuss the decisions made.
Ireland's fiscal watchdog has slammed Budget 2025, calling on the Government to get "serious" and avoid repeating "the boom-to-bust pattern of its past."Ian Guider, columnist with the Business Post, joins The Last Word to discuss the Irish Fiscal Advisory Council's reaction to the budget and other business news.Catch the full chat by pressing the 'Play' button on this page!
With Budget 2025 set to be announced tomorrow morning - what can we expect? I'm joined by Niall Conroy, Senior Economist at the Irish Fiscal Advisory Council.
With Budget 2025 set to be announced tomorrow morning - what can we expect? I'm joined by Niall Conroy, Senior Economist at the Irish Fiscal Advisory Council.
The Irish Fiscal Advisory Council have warned that pricing pressures in the Irish economy are now on par with the Celtic Tiger era. To discuss this further Shane spoke to Austin Hughes, Economist and also John Fitzgerald, adjunct Professor in Economics in Trinity College Dublin.
The Irish Fiscal Advisory Council have warned that pricing pressures in the Irish economy are now on par with the Celtic Tiger era. To discuss this further Shane spoke to Austin Hughes, Economist and also John Fitzgerald, adjunct Professor in Economics in Trinity College Dublin.
Dr Eddie Casey, chief economist with the Irish Fiscal Advisory Council and Trevor Grant, Director of the Association of Irish Mortgage Advisers
Seamus Coffey, Chairperson of the Irish Fiscal Advisory Council, warns the Government's approach to Budget 2025 could add "needless pressure" to the economy.
The government's ‘everything now' budget approach is adding unnecessary fuel to the fire” That's according to the Irish Fiscal Advisory Council. Speaking to Ciara this morning was Seamus Coffey, Chairperson of Irish Fiscal Advisory Council.
The government's ‘everything now' budget approach is adding unnecessary fuel to the fire” That's according to the Irish Fiscal Advisory Council. Speaking to Ciara this morning was Seamus Coffey, Chairperson of Irish Fiscal Advisory Council.
Michael McMahon, Acting Chairperson of the Irish Fiscal Advisory Council, on concerns at ongoing budgetary spending overruns.
Ciara was joined by Niall Conroy, Acting Chief Economist at the Irish Fiscal Advisory Council, to discuss the National Competitiveness and Productivity Council's warning about the reputational risks for Ireland due to persistent deficits in energy and water.
What does the Summer Economic Statement have in store, and what could it tell us about the Budget spending in October? Speaking to Ciara this morning on the show was Niall Conroy, Acting Chief Economist at the Irish Fiscal Advisory Council.
Michael McMahon, Acting Chairperson of the Irish Fiscal Advisory Council, discusses the group's latest report which assesses the Government's medium-term plans set out in April's Stability Programme Update.
The Irish Fiscal Advisory Council's latest report has reiterated their stance that government spending plans risk overheating an economy already at full capacity. Is their plea for caution correct given the corporation tax receipt bonanza that shows little sign of abating in the short-term?Niall Conroy is chief economist with IFAC and he joined host Cliff Taylor on this episode of Inside Business to air the council's concerns.Plus, there is likely to be a rise in workplace audits after Revenue state commissioned freelance work will ‘generally' indicate person should be treated as an employee. So, how do you know if you are a freelancer or a company employee? Irish Times journalist Laura Slattery and head of employment law at Addleshaw Goddard, Maura Connolly give some insight into Revenue's guidance on the issue.#Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
The UN's Economic, Social and Cultural Rights Committee has told Ireland to shore up its corporate tax policies as they are hindering efforts to ensure wealthy individuals and businesses are not exploiting loopholes to hide profits. To debate this Ciara was joined on the show by Seamus Coffey, Former Chair of the Irish Fiscal Advisory Council and Economist at UCC and also Christian Aid Ireland's Head of Policy and Advocacy, Conor O'Neill.
Michael McMahon, Professor of Economics, University of Oxford and Acting Chairperson of the Irish Fiscal Advisory Council
Dr Michael McMahon, Fiscal Council, on the issues ahead for the economy and climate change.
Dr. Michael McMahon, Acting Chairman of the Irish Fiscal Advisory Council, discusses proposals to cut the fee paid to the chair.
The acting chair of the Irish Fiscal Advisory Council has written to the government in criticism of proposals that would see pay for his role reduced by 50 per cent. McMahon spoke to Shane this morning.
The Irish Fiscal Advisory Council has accused the Government of 'fiscal gimmickry' and ‘poor budgeting' in its formal response to October's Budget. Professor Michael McMahon, Acting Chairperson of the Irish Fiscal Advisory Council explained their response.
The Oireachtas Social Protection Committee is calling for the pension deferral age to be raised from 70 to 75. This would mean you would have the option to work for longer, should you feel fit enough to do so, and access an enhanced rate of the pension when it's eventually drawn down.Anton Savage was joined by Celine Clark, Head of Advocacy and Public Affairs at Age Action, Michael McMahon, Acting Chair of the Irish Fiscal Advisory Council and Journalist and Author Valerie Cox to discuss...
Professor Michael McMahon, Chair of the Irish Fiscal Advisory Council, lays out his concerns about the size of the Budget spend.
Dr. Eddie Casey, Chief Economist, Irish Fiscal Advisory Council, warns that climate change costs for the State could add up to billions.
A new report from the Irish Fiscal Advisory Council points to the cost of climate change to the Government rising to billions by the end of this decade. On this week's Inside Business, host Cliff Taylor is joined by IFAC's chief economist Dr. Eddie Casey to go through the key points contained in 'What Climate Change Means for Ireland's Public Finances' and the calculations for what the government may have to spend to attempt to achieve our emissions reduction targets.Also on this week's episode, we hear the factors driving a marked increase in insolvencies among Irish firms this year, and whether the trend is likely to continue next year. Partner at PwC Ireland, Ken Tyrrell, has the details.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
Michael McMahon, Acting Chairperson of the Irish Fiscal Advisory Council, discusses the Council's call for the Government to revise its plans for the upcoming Budget and stick to its own National Spending Rule.
Seamus Coffey- Lecturer in Economics, University of Economics at University College Cork and Dr Eddie Casey, chief economist with the Irish Fiscal Advisory Council.