Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion

3:00 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

When it comes to balancing the books, IBEC has no idea where this money will come from. I would have expected IBEC to be a little more specific than simply asking for current expenditure adjustments of €385 million and saying it has no ideas as to where the money will come from. None of the companies that are members of IBEC could run their businesses if they needed to make savings but had no ideas as to where they could be made. Perhaps Ms Burke would explain the basis of IBEC making such a proposal without providing recommendations in regard to how what is proposed can be achieved.

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