Oireachtas Joint and Select Committees
Wednesday, 20 September 2023
Committee on Budgetary Oversight
Pre-Budget Engagement (Resumed): Irish Fiscal Advisory Council and Nevin Economic Research Institute
Bernard Durkan (Kildare North, Fine Gael)
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Could I ask for a clearer definition of windfall versus core spending or whatever? For example, I would presume that there is a difference between the two. Windfall spending is rising to the occasion when it is necessary to deal with a particular problem in a particular way, given the economic circumstances prevailing at the time. I identify core spending as regular spending that is needed on an ongoing basis, such as investment in capital works, infrastructure, etc. Am I right or am I wrong?