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

Going back to the summer economic statement, on the non-core side there is an overall amount of €4.5 billion. For the purposes of the summer economic statement we put a figure of €3 billion next to that. We are now assessing the allocation of that €4.5 billion across the different elements. It is likely that there will be some change but still within the overall €4.5 billion. It could well be the case, for example, that the provision for Ukraine-related expenditure might be less than €3 billion. I would expect that the provision for Covid-related expenditure would possibly need to be higher than the amount provided for in the summer economic statement. It will all be within the overall non-core provision of €4.5 billion. It is still consistent with the overall framework.

Comments

No comments

Log in or join to post a public comment.