Oireachtas Joint and Select Committees

Thursday, 23 September 2021

Committee on Budgetary Oversight

Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It will be possible. Our ability to do that is reflected in the plan we have published for our public finances. We are not looking to eliminate all of our borrowing in a single year. Where we do reduce borrowing, particularly from 2023 onwards, the aim is to get to a point where at least some of our capital expenditure can be funded by tax revenue that we are collecting. We have the ability to continue to make progress on the challenges and difficulties. The publication of the national development plan in the next number of weeks will outline how we will invest in the future.

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