Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

Mr. John McCarthy:

It is the Government’s own spending rule that limits spending to 5%, although it went beyond that on this occasion. It must be remembered what is the stage of the economic cycle and what additional spending would do above and beyond that.