Oireachtas Joint and Select Committees

Thursday, 20 July 2017

Committee on Budgetary Oversight

Summer Economic Statement: Discussion.

10:15 am

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

We are not going to agree on this process, which is what is key to me. In respect of capital expenditure, the Minister announced a review of the Ireland Strategic Investment Fund. Will he provide the committee with a timeline for that review? When does the Minister see those funds being available to assist us in our capital challenge?

We have had an engagement with the European Investment Bank on capital investment. Since Deputy Donohoe was appointed Minister for Finance in the joint-custody arrangement I referred to earlier, has he changed the view of the Department of Finance in respect of capital expenditure? The former Minister, Deputy Noonan, was quite conservative about engaging with public private partnerships and with the European Investment Bank.

Is the Minister indicating a change or more flexibility on the part of the Department of Finance around capital expenditure? In the famous interview on fiscal space, the Taoiseach said there were ways to stretch this. Was he referring to the expenditure review which is to be published later? Can the Minister give us a timeline for the final publication of the expenditure review/? Will it happen before the budget or today?

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