Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. The final question I wanted to ask was in relation to lessons for the future. You spoke about prudent being not spending all your tax receipts in a given year, so I just wondered what the current thinking is, in relation to when you have a surplus, is it to run a surplus, is it to direct a surplus into some sort of fund like a pension reserve fund, or is it to pay off the debt? What would be the prudent thing, looking forward?

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