Oireachtas Joint and Select Committees
Wednesday, 22 June 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Public Service Performance Report: Department of Public Expenditure and Reform
Mairéad Farrell (Galway West, Sinn Fein) | Oireachtas source
That is very interesting. Another thing that caught my attention was in the slides received earlier. One of the core principles at the heart of performance budgeting is that it can provide greater transparency and accountability and improvements in these areas and can help to bring better management of public funds, essentially greater value for money. The revised national development plan, NDP, outlines spending on capital projects to the tune of €165 billion. Due to the rise in costs of inflation and increasing costs of construction materials, we have seen the launch of the new inflation co-operation framework so the State will bear up to 70% of additional costs arising from such inflation. In terms of a more medium-term measure, this will mean that the €165 billion might not go as far as planned. I am not sure if it was this committee or the other committee but concerns were raised in relation to that. Given that information on cost overruns and capital projects is not collected centrally or published in reports like this one, is this something that could be incorporated if such data was collected?
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