Oireachtas Joint and Select Committees

Thursday, 1 October 2020

Committee on Budgetary Oversight

Pre-budget Engagement: Minister for Finance

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Yes. It has already been indicated by the Minister for Public Expenditure and Reform, Deputy Michael McGrath, that it is not just about how we can increase those levels of capital spending, it is about how we can preserve them. When I was before this committee several years ago, we had capital spending of between €3 billion and €4 billion per year. It is now €9 billion annually. Being able to have the confidence that we can maintain that level of spend in the context of there being uncertainty regarding private sector investment in 2020 and 2021 will have a significant effect on the recovery of the economy. The Government and I are committed to maintaining that.