Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Committee on Budgetary Oversight

EU Directorate-General Economic and Financial Affairs: Discussion

5:00 pm

Mr. Carlos Martínez Mongay:

There is the idea that investment is a one-off, but public investments are not one-offs. They are relatively stable. The projects are one-offs. To build a bridge, one needs two or three years, but the level of public investment is not a one-off. There is a minimum of public investment in Ireland. It is reaching 2% of GDP again. The total level is a permanent expenditure and is not a one-off. Therefore, we should not use windfalls to finance public investment.

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