Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Committee of Inquiry into the Banking Crisis
Context Phase
4:20 am
Mr. Rob Wright:
Your comments on pro-cyclical - we are spending too much time on that and not on construction. As I said at the outset, I think in terms of what advice you would expect, the bread and butter of a Department of Finance, is fiscal policy. It also includes the overspent construction so it is actually included in that dynamic as well. It is not picking winners. I think it is the right weighting and I think the report deals appropriately with both of them.
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