Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
7:25 pm
Thomas Byrne (Fianna Fail) | Oireachtas source
I find that hard to believe because there are so many items in the document. The Minister mentioned a number of upside risks that in no way could be described as hard figures, and they have not been announced as decisions reached at a European level. The Minister states regarding upside risks that economy-wide investment remains close to record low levels, therefore, if they go up there will be a huge impact. He mentions that employment growth has surpassed expectations and that if that increased, it would have a favourable impact on household income, etc. They are mentioned without giving any hard figures. It seems to me that the bank debt arrangement is much more significant.
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