Oireachtas Joint and Select Committees

Wednesday, 7 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Therefore, it looks like the €3.3 billion on top is completely separate. The way I look at it - Mr. Barnes might not agree but it is factual, as I make it out - the Government can technically spend between €2.5 billion and €5.8 billion on temporary measures and still meet its targets as set out in the summer economic statement. I am not saying it will do that; I am just saying there is scope in that space. Even if €500 million were to be put into a rainy day fund, we are looking at a sum of the order of between €2.5 billion and €5.3 billion. Will Mr. Barnes clarify whether I am factually correct in this? I am aware of the inflationary aspects. What I am referring to here are once-off measures.

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