David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Mr. O'Kelly makes the point that it isn't either-or but is about choice. There is not much choice at the moment. We have very little capital spend because of the limitations of the fiscal space. This year's budget is going to be worse because we have carry-over costs, reduced fiscal space and even though we can smooth capital spending, it is still going to be quite low. The choices are quite limited. I make that point more for this committee than for Mr. O'Kelly.