Oireachtas Joint and Select Committees

Wednesday, 3 July 2019

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

First, we have baked into our pre-committed plans additional capital expenditure of €700 million, which would be the type of stimulus that would be required if our economy was to have a shock or have to deal with the consequences of a disorderly Brexit. That is already pre-planned in the context of capital expenditure for this year going up by 24%. As I indicated to Deputy Michael McGrath earlier, if we find ourselves having to deal with the risks of a disorderly Brexit occurring, when we move into that period in September I will examine whether further funding is needed to deal with the effects of supporting change in parts of our economy. We have sought to accommodate that in the deficit span for 2020.

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