Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Committee on Budgetary Oversight

Pre-Budget Engagement: Minister for Public Expenditure and Reform

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

We have seen that France is looking at a deficit of 7%. We have also seen that the International Monetary Fund has said this week how important it is to ensure we put in enough capital expenditure to stimulate the economy. This brings me to my next question. We saw previously in December 2019 that there was a pre-pandemic allocation of €1 billion extra. That makes €9.1 billion for capital expenditure this year. The Minister mentioned in his opening statement a figure of €9.2 billion. What further increase does the Minister anticipate? Is the figure €9.2 billion final?

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