Oireachtas Joint and Select Committees
Wednesday, 12 July 2023
Committee on Budgetary Oversight
Summer Economic Statement 2023: Discussion
Paschal Donohoe (Dublin Central, Fine Gael)
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What Deputy Doherty was referring to was the IFAC analysis that if inflation sustained over a period the real impact of our spending plans could decrease by 24%. That risk is there. On the other hand, IFAC warned us against the consequences of spending more on capital. This is separate from the regional development issue to which Deputy Conway-Walsh referred. They are different issues.