Oireachtas Joint and Select Committees

Wednesday, 27 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed): Ministers for Finance and Public Expenditure, NDP Delivery and Reform

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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It is a net spending rule so it is open to the Government to raise additional taxation through policy decisions and that then creates additional room if we want to stay within the 6.1%, which is the summer economic statement policy decision. That enables us to do more on taxation or expenditure. That is the way in which the net spending rule works.