Oireachtas Joint and Select Committees

Thursday, 8 October 2020

Committee on Budgetary Oversight

Pre-Budget Engagement: Minister for Public Expenditure and Reform

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

We look forward to the banks charging the lower rates applicable in the rest of Europe. I have a final question.

Given the current situation in regard to Covid, the Minister may have to go back to the borrowing well again and again. I am not saying that is the right thing to do; he will have to make that judgment as the situation evolves. Is the Minister satisfied that we have available to us adequate borrowing resources and security to deal with any situation that may arise in the context of Brexit or Covid-19?

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