Oireachtas Joint and Select Committees
Wednesday, 20 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Central Bank
Mr. Gabriel Makhlouf:
To put it another way, how the Government designs its capital investment programme will have, or could have, an impact on inflation. The design of particular projects, how much labour is actually needed, the timing you want to do it in, etc., all can have different impacts. What we have said, therefore, and what I will say right now is design your investment programme in the best way not only to deliver the outcome you want from the infrastructure but also to minimise the impact on the economy through the pressure on inflation etc.