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)
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
We are continuing to work through that. Consider the end of August expenditure returns; we are about €1 billion over profile on the current side alone. This is because we have not allocated against the different Votes' funding from that particular contingency provision. If one adds to that additional expenditure that will occur from 1 September to the end of this year in respect of Ukraine, we are facing into the autumn and winter period in health where there will be a need for additional Covid-related expenditure. There will be a very significant drawdown of that funding. I do not believe that the amount of unallocated resources from that contingency will be as high as the Deputy is suggesting or attributing to the Irish Fiscal Advisory Council. We are continuing to work through that. I cannot give a final figure at this point. We still have a number of months to go in the year but we are assessing it.
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