Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan 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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