Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

It's in your evidence book, Vol. 5, page 59, it's a series of questions, parliamentary questions, put to the Minister for Finance at the beginning of 2007 and through for the first six months, asking questions about the tax policies and opinion on growth and revenue, confidence in the mechanisms used to make Exchequer return predictions, the heavy reliance of the Exchequer on revenue from the housing sector, the over-dependence of the economy on the construction sector, dependence on insecure sources of tax revenue from property, the views of the IMF that Ireland was one of the most vulnerable countries to the ongoing international banking crisis and credit crunch and you go ahead and you increase spending for 2008. So, were you aware of those concerns being raised by Opposition TDs in the Dáil and did you pay attention to them?

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