Oireachtas Joint and Select Committees
Tuesday, 28 May 2019
Committee on Budgetary Oversight
National Broadband Plan: Minister for Public Expenditure and Reform
Michael McGrath (Cork South Central, Fianna Fail)
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Okay but, in essence, it is €1.6 billion that the Minister must identify out to 2027 as to where that money will come from. What he has said so far is that this money will come from future revenues, not expenditure cuts, tax increases, displacement of other projects or increased borrowing, so it will affect his net position - his deficit or surplus position. There is no other source.