Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Issues: Central Bank

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Okay.

The Central Bank has given warnings in respect of Government spend and the influence that that will have on inflation. The Government has committed about €165 billion into capital investment in the national development plan. Much of that investment is sorely needed because of infrastructural depreciation and capital depreciation over the past ten years. Do the witnesses think, however, that the Government's current commitment to that €165 billion in capital investment is possible, given the restrictions that exist within the economy at the moment? If it is not possible, how will it affect inflation?

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