Oireachtas Joint and Select Committees
Tuesday, 6 October 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecast for 2016: Department of Finance
6:20 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The Minister and the programme update stated 2.3% so there is about €400 million which could be spent and still come in at the 2.3%. Is that correct? The Minister has indicated that there will be Estimate processes, particularly in health and other areas, to deal with overruns and that he still plans to come in on target at 2.3% but because of the tax profile and buoyancy, there should be enough to cover the overrun in health, which we understand is in the region of €600 million. From the figures presented to the committee by Mr. McCarthy, if we take the best case scenario of 2.1%, there does not seem to be more than €400 million available.
No comments