Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Charlie McCreevy:

Always in February, and I think it's still done in February. Anyway, it's the Revised Estimates Volume is the book. The abridged ... in my time we called the ... we used to announce the Estimates in November, three weeks before the budget, and that was called the Abridged Estimates Volume. Then when we got all the figures by the end of the year, and the outturn for the year - the previous year - if you look then we published the Revised Estimates Volume, which shows the outturn for each ... departmental levels of spending for the previous year, and beside that you have then the Estimates Volume for the following year. Sometimes there would be small adjustments from the Abridged Estimates Volume to the Revised Estimates Volume, mostly relating to changes that the Minister might have announced in the budget in terms of spending, that would be that figure. And then we would produce a Revised Estimates Volume. And that was the process.

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