Oireachtas Joint and Select Committees

Tuesday, 19 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement: Central Bank of Ireland and ESRI

Photo of Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

Okay. That is significant.

I have a few more questions to ask in my limited time. They go back to a point I touched on earlier concerning so-called once-off expenditures. We are getting into a dangerous game now where we have three or four separate expenditure headings. It seems to me that this Government must know more about the conduct and outcome of the war being waged on Ukraine than either Vladimir Putin or President Zelenskyy. The reality is that this conflict, the fallout from it and the human consequences are going to be with us for some time yet. We are rightly spending significant amounts of our resources accommodating refugees here who are fleeing the dreadful war being waged on Ukraine, but the expenditure on that side is still being characterised as once-off. Is this not a dangerous way to account for public money from a fiscal perspective and in terms of fiscal plans and strategy?

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