Dáil Éireann Debate, Tuesday - 21 March 2023
324. Deputy Pearse Doherty asked the Minister for Finance if his Department will provide a five-year forecast with respect to the fiscal position in the upcoming Stability Programme Update (details supplied). [13092/23]
View answerMy Department produces, and publishes, two set of macroeconomic and fiscal projections each year – its spring forecasts (set out in the annual Stability Programme Update) and its autumn forecasts (set out in the Economic and Fiscal Outlook that accompanies the annual budget).
In this regard, the Government will publish the April 2023 Update of the Stability Programme in the coming weeks, setting out the Department's updated forecasts. Member States are required to include economic and fiscal forecasts to 2026.
In relation to the forecast horizon, my officials are cognisant of the views of the Irish Fiscal Advisory Council on the need for a longer-term forecast horizon. As preparation of the document continues over the coming weeks, consideration is being given to the length of the forecast horizon.
