Oireachtas Joint and Select Committees

Wednesday, 26 April 2023

Committee on Budgetary Oversight

Stability Programme Update: Ministers for Finance, and Public Expenditure, National Development Plan Delivery and Reform

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein)
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I appreciate that. I am looking at the overall objectives of what we are trying to achieve. It is about how much we put into a reserve fund and how much we decide to invest in projects that are going to act as catalysts. When we look at an overall reserve fund, we must consider how we are going to accommodate what we hope to get from developments in renewable energy that we did not get, for example, from the Corrib gas project or the development of oil and gas. There is a real opportunity for us to build in a reserve fund using those resources. I am trying to get a handle on how we can do that in a better way to address the regional disparities.

There is a debt per capitaof €49,500. Is that mainly the result of the banking crisis? How much was the debt before the pandemic?