Oireachtas Joint and Select Committees
Wednesday, 19 September 2018
Committee on Budgetary Oversight
Priorities for Budget 2019: Irish Fiscal Advisory Council
2:00 pm
Mr. Seamus Coffey:
No. The overall public capital spend looks as if it can be absorbed within the capacity of the economy. The issue we would have is if we see increases elsewhere and, perhaps, acceleration, particularly in private construction of housing that has an impact. The public capital plan itself does not generate massive concerns for us. We are looking at the overall level of demand in the economy and there is no doubt that public capital feeds into that, but in and of itself it does not raise concerns.
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