Oireachtas Joint and Select Committees

Tuesday, 24 June 2025

Committee on Budgetary Oversight

Annual Progress Report 2025: Discussion

2:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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With regard to the underlying deficit the Deputy referred to, it should be said we are running large headline surpluses at the moment. What we are doing is assuming what the deficit would be if a certain amount were to go away in a single year. With regard to the mix between current expenditure and capital expenditure, the majority will be in current expenditure rather than capital expenditure, but I stress that this is a modelling exercise rather than reality because, having regard to what I said about running surpluses, the majority of what we spend is in the current category rather than the capital category.