2021 Economic Letters from the Central Bank

Volume 2021 of the Central Bank’s Economic Letters series has seen a set of interesting contributions across a range of topics so far this year. The Economic Letters published to date are:

Annual Report on Public Debt in Ireland

The 2020 update of the Annual Debt Report from the Department of Finance is available here.

There are number of takeaways noted by the Department with government indebtedness significantly higher as a result of the pandemic. However, critically the report explores the reasons behind a fall in Ireland’s debt burden.

The Department have also published a set of three slides with a summary of key fiscal metrics while there is also a set of 15 animated slides on Flourish.

Pensions Commission

The website of the Pensions Commission is available here.

Part of the material presented to the Commission generated headlines while some of the issues the Commission will tackle were addressed in this piece by Sean Barrett.

Fiscal Council Webinar Wednesday 2nd December

The Fiscal Council is hosting a webinar on the December 2020 Fiscal Assessment Report, “Sustaining the Economy through Covid-19″.

This is the Council’s 19th Fiscal Assessment Report and comes as the Covid-19 pandemic continues to have a major impact on the Irish economy and public finances. The Report assesses the economic and fiscal consequences and explores a range of possible scenarios to 2025 along with an assessment of the policy consequences.

The twice-yearly Fiscal Assessment Report is the Council’s main publication. It assesses the Government’s budgetary stance, macroeconomic and fiscal forecasts, and compliance with fiscal rules.

The webinar will take place at 2pm Irish time on Wednesday 2nd December 2020.

Those interested in attending are invited to register at: https://zoom.us/webinar/register/WN_H2MmvtM-SYuOY4OPdt4ckQ.

The Fiscal Response to COVID-19

Here’s a useful paper from the Department of Finance summarising the fiscal response to date to the pandemic: https://www.gov.ie/en/publication/84a0c-taking-stock-the-fiscal-response-to-covid-19/

There’s lots of interesting material in it. One such piece is this comparison of deficits for 2020 and 2021 in the euro area.

https://www.gov.ie/en/publication/84a0c-taking-stock-the-fiscal-response-to-covid-19/