Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Well, if that was applied, what is happening at this point in time even to your policy, you wouldn't be able to implement that. But I want to go back to my core points here. The point I've made in looking at the figures, and let's talk about the figures Taoiseach, what Fine Gael was advocating at that time was to spend twice of what the growth rate was in the economy. The growth rate you were projecting was 4.2%, you were increasing net voted expenditure by 8% which was what the previous Government had done for the five years previous, where the growth rate was an average of 5% and they increased net voted expenditure by 9.8. Do you accept that that is what you were planning in terms of the macroeconomic figures?

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