Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Dr. Íde Kearney:

Our criticism was not of the budget, it was of the supplementary expenditure. The issue is about planning, to a certain extent, with regard to the €1.5 billion. We made a pre-budget statement on the contours of the budget issued in April and we were broadly favourable of it. Our issue was the unexpected increase in expenditure in late September and early October on the basis of an unexpected increase in revenue. It is not about the budget, but the almost ex postincrease in expenditure just because extra revenue came in. Much of our concern has to do with planning rather than the amount of money in and of itself. This is the big concern.

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