Oireachtas Joint and Select Committees

Wednesday, 16 October 2024

Select Committee on Social Protection

Estimates for Public Services 2024
Vote 37 - Social Protection (Supplementary)

9:30 am

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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The 1930s. That is going back a good bit. I remember the child benefit coming to my own house. It was my mother’s money and that was it. It was well minded and well spent. It was spent on the children. I was speaking to somebody last night who said the benefit does make a difference. It just allows people to get the extra things or supports they need for their children, such as an additional visit to a speech therapist. Investing in our children is the right thing to do. We have continued to do that in the budget.

The last point concerns the Social Insurance Fund. The actuarial review we carried out in 2020 projects for a long-term deficit by 2034. The short-term one is broadly in line with the forecast, but it is probably worth going back. Things change. One can forecast all these things, but the high employment-----