Oireachtas Joint and Select Committees
Tuesday, 25 June 2019
Committee on Budgetary Oversight
Budget 2020 and Macroeconomic Issues: Discussion
Pearse Doherty (Donegal, Sinn Fein)
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The dog has been proven to be correct. IFAC also said that last year's projections were not credible - it has used stronger language in this case - and last year it was proven to be correct because there was a €1.2 billion increase in expenditure year on year.
It is important to note that the Irish Fiscal Advisory Council believes more money will be spent than has been projected because the projection of €2.6 billion or €2.4 billion to 2021 is nearly half what was spent over the past two years and is simply not credible.