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Oireachtas Special Committee to examine fiscal impact of Covid-19 on the economy

15 Meith 2020, 15:53

The Oireachtas Special Committee on Covid-19 Response will discuss the impact of the pandemic on the State’s fiscal position, at its meetings tomorrow, Tuesday, 16 June in Leinster House.

TDs will hear from the Irish Fiscal Advisory Council (IFAC), the Economic and Social Research Institute (ESRI), economists and officials from the Department of Employment Affairs and Social Protection, and the Department of Public Expenditure and Reform during three sessions over the course of the day.

  • Representatives from the IFAC will appear before the Committee at 11am.
  • Representatives from the ESRI, and economist Professor Stephen Kinsella from University of Limerick (UL) will appear before the Committee at 2pm.
  • Officials from the Department of Employment Affairs and Social Protection (DEASP), and the Department of Public Expenditure and Reform (DPER) will appear before the Committee at 4.30p.m.

Witnesses will appear before the Committee in the Dáil Chamber and via video link.

Speaking before the meetings, Committee Chairman, Michael McNamara TD said: “We will be examining the overall financial cost of Covid-19 across the economy including its effect on economic growth and employment.

“The Committee will also hear details of the expenditure on Social Protection including the Pandemic Unemployment and Enhanced Illness Benefit Payments administered by the DEASP to date, and the planned parameters of these schemes as the economy and businesses continue to reopen. We will be exploring the policy initiatives to limit the overall negative fiscal impact and cost of the pandemic across society and ensure a return to growth as quickly as possible.”

Watch the Committee live here.

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