Oireachtas Joint and Select Committees
Wednesday, 18 April 2018
Committee on Budgetary Oversight
Stability Programme Update: Discussion
3:00 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Potentially, yes, but all of these things also depend on what kind of budgetary policy one wants to take at that point. It is conceivable, for example, that if all of that money were to be spent, there would be a need for the State to borrow more to do it. The question is, with those kinds of resources available, whether it is correct to put that into additional capital expenditure when capital expenditure next year alone is increasing by one quarter. As I explained to the Deputy and as he understands, I will be able to crystallise these matters as we move through the year.
On the rainy day fund, it is my intention to implement that in the way I have outlined and I believe we will deliver the MTO.
No comments