Oireachtas Joint and Select Committees

Thursday, 19 May 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 11 - Office of Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Vote 39 - Office of Government Procurement
Vote 43 - Office of Government Chief Information Officer
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 4 - Vote Accounting and Budget Management

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Okay. There is a document. I wanted to clarify that.

I will deal with the issue of construction inflation. Last week, the Government announced a fund in excess of €500 million to meet more than 70% of construction costs that are related to inflation. As I understand it, the scheme is not time-bound. It is retrospective and goes back to 1 January this year. It covers increased energy costs. While there is no doubt but that energy costs have gone up, energy on its own is not the major part of inflation in construction. It is significant, in the context of road construction and things like that, where heavy machinery is being used. We know from previous discussions we had with the board of the children's hospital, there is recognition and provision for 4% inflation. Once it goes over 4%, they can make a claim for it. Will the Government provision of that fund potentially add further costs to the children's hospital in respect of price inflation on that project?

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