Oireachtas Joint and Select Committees
Thursday, 8 October 2020
Committee on Budgetary Oversight
Pre-Budget Engagement: Minister for Public Expenditure and Reform
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I think they are interchangeable. They are certainly interlinked in that the application of a recovery fund is a stimulus to the economy. Certain decisions will need to be made on budget day when we set out the framework for 2021 and outline the level of supports we intend to make available to the economy. However, it is important we have flexibility next year as well because we do not quite know what we are facing and we may need to respond in a rapid way to changes in our economy and needs that will emerge in a very short timeframe. The concept of a recovery fund we can apply over the course of the year is a good one and it will form part of our budget day package.
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