Oireachtas Joint and Select Committees
Wednesday, 11 September 2019
Committee on Budgetary Oversight
Scrutiny of Tax Expenditures (Resumed)
Mr. Seamus Coffey:
We view the €2.8 billion figure as being the limit for fiscal expansion in 2020. If, for example, the national children's hospital and the national broadband plan acquired the use of an additional €200 million of that, depending on how the calculations work, that would be subtracted so the figure would be reduced. If, say, there is €600 million available but those two projects will consume €200 million, then there is €400 million. The calculations of capital spending are somewhat more involved so it may only be a share of that. It depends on what happens in 2020.
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