Stephen Donnelly (Wicklow, Fianna Fail) | Oireachtas source

With the greatest respect, it is not. Any CFO handing a board or a chief executive a budget at the start of the year has a view as to whether that budget will be met. It is quite binary. A chairperson of any board will ask the CFO: "Do you believe that this is a reasonable budget and that we are going to come in on budget?". Did Mr. Mulvany believe on 1 January last that it was likely to come in on budget?