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
Mr. Seamus Coffey:
This is a bit outside our remit in terms of dealing with specific issues regarding a particular type of infrastructure. Taking my fiscal council hat off and giving a personal view, we have areas where infrastructure tends to work relatively well and where we do not have these deficits and shortfall. It seems to come down to the funding model in place. I can give the example of two services connected up to most households. These are electricity and water. One seems to be working quite well. It gets knocked down every so often and is repaired pretty quickly. The other seems to be a pretty significant constraint. Perhaps the funding approaches can be looked at. Again, there is the issue of capacity in the economy. If we are to ramp up production of water infrastructure, where will the workers come from? It is certainly a bottleneck that is slowing down the economy. My colleague might take this further.