Oireachtas Joint and Select Committees

Thursday, 22 October 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 11 - Office of Minister for Public Expenditure and Reform
Vote 12 – Superannuation and Retired Allowances
Chapter 3 - Vote Accounting and Budget Management
Chapter 4 - Accounting for Capital Assets
Chapter 5 - Accounting for Allied Services

11:30 am

Mr. Robert Watt:

When Covid hit, the original estimate was for a deficit closer to €30 billion.

On budget day, the Ministers announced a deficit of €21 billion. On the spending side, we think it is going to add €1 billion over the next six weeks, and it is hoped we will be able to open up as quickly as possible and get people back to work.