Oireachtas Joint and Select Committees
Tuesday, 13 September 2016
Committee on Budgetary Oversight
Pre-Budget Statement: Irish Fiscal Advisory Council
1:05 pm
Lisa Chambers (Mayo, Fianna Fail) | Oireachtas source
I thank Professor McHale for what was quite an extensive answer. He made reference to a positive net financial return from investment. Is there any leeway for us there if we can show that the investment will bring money back into the Exchequer over time? It is a concern that we are only just keeping up with the depreciation of the national capital stock. I feel that my question has not really been answered in terms of assisting this committee in drafting its report and doing its job. One of the key issues we have discussed at length is capital investment and the need to stimulate the economy. In the context of current low interest rates, would we be foolish not to capitalise on that? I appreciate that Professor McHale may not be in a position to answer that.
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