Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Well, current expenditure, I think, might have been too high. Capital, we were being advised by all the organisations that that was the right thing to do, that we still had infrastructural deficits, so I think on the current side, we should have tightened up, on the capital side, 10% was high, because overall, we were working to a 5% on infrastructure, 5% of GNP. On the current side, it was time to be getting tighter at that stage.