Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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Is the problem not related to the programme Mr Barnes mentioned? He said the phases relate to the programme. There is nothing really factual in the programme in terms of costs. Therefore, we do not know where that programme will end up or, indeed, how much of it will be implemented. That is a concern where taxes are concerned because there is a commitment to no increase in taxes. If there is to be no increase in taxes, and if we are to continue borrowing, could Mr Barnes tell us in layman's language how much we owe now, what we will owe at the end of this year and next year, and how it will be paid for?