Oireachtas Joint and Select Committees

Wednesday, 27 September 2017

Committee on Budgetary Oversight

Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance

2:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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As the vessel has a price tag of €60 billion, I am not sure if it is particularly heavy. We spend a huge amount of money on the delivery of additional and current services. I do not want to get too lost in discussion of vessels, heavy vessels, fiscal space or hidden fiscal space. One of the things I regret about the focus on fiscal space is that we always have a look at the increment. The increment is a very small part of the huge amount of money we are spending on services and using to deliver projects day after day. If we can make changes in those areas, and if we can make better policy choices, it can deliver money that we can reinvest back into delivering better services for people. That is the only approach I am using.