Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

Clearly, we now have additional borrowing, perhaps not as much as we would have needed to borrow were it not for the cash position at the beginning of the year. I wish to ask Mr. Makhlouf about the planning for the rest of the year, perhaps not this year but into next year and the year after, in terms of recovering our fiscal position following this period of necessary spending. What is his view as to how and how quickly we need to rebalance that spending and recover that fiscal position and move to a more balanced position?

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