Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source
Reflecting on the graph we looked at earlier in relation to the memorandum in June and the budget decisions in December, Wright also says on that same page 25:
Relatively clear advice to Cabinet in June on the risks of excessive spending and tax reductions was lost by the time of December Budgets. Spending pressures of this magnitude could have been resisted even within the established Budget process.
Do you accept that?
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