Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

To go back to the budgetary process and the secrecy about which Professor Farrell spoke, some changes have been made, such as the comprehensive expenditure report, and some alterations have been made. How in particular did the secrecy of budgets at the time we are speaking about, between 2000 and 2008, contribute to the disaster in which we found ourselves? Did it do so specifically or was Professor Farrell being more general in his remarks?

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