Oireachtas Joint and Select Committees

Thursday, 22 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Public Service Reform Plan: Discussion with Minister for Public Expenditure and Reform

10:25 am

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

My final question is on the budgetary process. I am conscious that the Government is making an adjustment of approximately €3.5 billion. One third of that will come from taxation and two thirds will come from public expenditure. Is that seen as an appropriate measure in order to drive the domestic economy because we are all very conscious of the fact there are some silos in the economy which have more money and are more involved in the importing of luxury goods, etc.? Does the troika have a view on that? Is it something that is internally negotiated by the coalition?

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