Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

Committee on Budgetary Oversight

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

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The position at present is that we have some €3.7 billion unallocated, but in a sense that is a technical term because as the year goes on and as we approach the end point of this year, we will be allocating much of that expenditure to different Votes across government that have been incurring expenditure. We are, of course, doing an assessment as to how much of that will be fully utilised. It will have to meet a wide range of needs, including Covid expenditure across the health service this year, Ukraine-related expenditure, which is growing all the time at a significant rate, and also the cost-of-living measures that we have brought forward as a Government that would not have been provided in the original budgetary framework in 2022.

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