Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

It strikes me that a lot of this stuff is not terribly obvious; ribbons are not being cut and things like that. We did not see a whole lot of it in 2015. There are very real things, such as housing, that have a real impact on the economy on a permanent basis. Where, in theory, there are some funds available, our ability to borrow is one of the big impediments to solving this problem. Would there be some value, in the context of being prudent in managing the economy, to invest more heavily in one of the things that is actually restricting growth in the domestic economy by virtue of the amount of money being absorbed by households in terms of the cost of accommodation.

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