Oireachtas Joint and Select Committees
Tuesday, 8 October 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecasting: Discussion with Department of Finance
7:40 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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I refer again to the modelling. The Department has to do this without knowing what the Government will announce on budget day and must take it from a static policy position that will not be changed by policy. The Government has indicated, for example, the use of the NPPR as an investment tool. Has the Department modelled the use of the €6.4 billion in the discretionary portfolio as an investment tool? Does that factor into the calculations? This figure was announced two years ago and we have not seen much, if any of it being spent. God forbid that the Government should start to use some of that money. Has it been factored in to any of the Department's estimates?