Oireachtas Joint and Select Committees

Tuesday, 1 July 2025

Committee on Budgetary Oversight

Fiscal Assessment Report: Engagement with the Irish Fiscal Advisory Council

2:00 am

Photo of Edward TimminsEdward Timmins (Wicklow, Fine Gael)
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Does Mr. Coffey think cost control would work better if we had long-term capital expenditure budgets? Let us say metro north, which is going to cost €2 billion. If they, or Irish Rail, knew they were going to get €200 million a year for the next ten years, they could plan accordingly. It is that kind of idea, that they have security of funding. You would never be 100% you would get funding in that the economy could go bust in ten years' time and you might not have that, but we should still plan ahead. Does Mr. Coffey think that would be helpful?