Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tom Considine:

Just so, Senator. That is exactly what the Government does every ... or did anyway when I was there every year at the middle of the year. And if ... I took some trouble in my witness statement to show how that evolved in 2005 for the 2006 budget. We actually started in February of 2005 looking at how we should frame the 2006 budget and we anchored it on competitiveness, the competitiveness of the economy, and the challenges that we saw down the road. We had ... in 2003, we had a working group, which was well supported by economic talent, that looked at what were the consequences up to 2050 of the emerging trends in public expenditure.