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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I want to reaffirm the point the Minister made. The Deputy quotes the article correctly but the Central Bank, as a body offering policy advice to Government, is not advising the Government to spend more money. If he is to be consistent and if he supports what the Central Bank advocates in that article, the Deputy presumably supports the overall position on fiscal policy the bank has taken in its advice. Therefore, he has to say where we should be spending less. It is important we are all consistent in this debate.