Oireachtas Joint and Select Committees

Tuesday, 8 October 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Macroeconomic Forecasting: Discussion with Department of Finance

8:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Can we deal with two points before Deputy Twomey contributes? One is a figure that hops off the page but which was not drilled into in the presentation. The other concerns the employment figures. My understanding is that people are still registered as social welfare recipients if they are in the JobBridge programme. Given that it has a 65% success rate in putting people into employment, the figure can be recovered in one envelope. With regard to the investment heading, page 3 of the stability programme update forecasts that investment will increase by 8.2% this year, which amounts to double the 2013 increase of 3.7%. Where is that coming from? What are these investments? Does this mean the agricultural sector buying machinery?

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