Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I have a differing view to IFAC on indexation. I will have another look at the figures to see if the scale of the gap to which the Deputy refers exists. So much of the analysis put forward by IFAC is based on the concept that increases in expenditure have to be automatic and I disagree with the council on that. It is certainly my understanding of the figures I have seen that indexation accounts for much of the gap to which we are referring.