Oireachtas Joint and Select Committees
Thursday, 20 July 2017
Committee on Budgetary Oversight
Summer Economic Statement: Discussion.
10:15 am
Tommy Broughan (Dublin Bay North, Independent) | Oireachtas source
I accept what the Minister is saying but I feel the situation is unique and he should rethink that.
Returning to the fiscal space which my colleagues raised, the Taoiseach was looking for a hidden fiscal space. I am looking at the table on page 22 of the report which we have been working from. We are very familiar with the reference rate, the converging margin and the GDP deflator and so on. Where is it in the statistics, or can the Minister himself find it? The Taoiseach seems to know where it is but does the Minister? This is the track record of the previous Government, this Government is probably going to come in and tell us that it has found €500 million or €700 million or €1 billion, hopefully for positive spending, but where is it?
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