Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed): Irish Fiscal Advisory Council and Nevin Economic Research Institute

Photo of Seán CanneySeán Canney (Galway East, Independent) | Oireachtas source

Dr. Casey spoke about a rollercoaster, but I think it should be like a train going along. I worked in the construction industry at that time and I could see the frenzy of everybody wanting to do everything, with money no problem. The banks could throw it at you for whatever you wanted to do, people invested in projects and it all ended in tears because it was built on a weak foundation. As for the national development plan, all the projects should be on that train and they should be lined up to be done, because certain projects will fall off carriages if there is a delay or whatever. We should end up with a production line of projects to get done in a timely fashion, and if we have surplus money now, we should hold that at a level but make sure we fill in the cavities as they appear on the ground to keep us going on the train. Is that IFAC's thinking?

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