Oireachtas Joint and Select Committees

Tuesday, 23 September 2025

Committee on Budgetary Oversight

Pre-Budget Engagement (Resumed)

2:00 am

Mr. Gerard Brady:

They are a mix of better end, but they are similar-sized countries to us. That is the basis on which we went with them. I can provide the data for pretty much every OECD economy to the committee, and it is the same kind of story. Ireland is a very unusual case compared to any developed economy in terms of procyclicality. We spend on infrastructure in good times, and we cut back in bad times. Most countries spend on infrastructure at a steady pace throughout good times and bad times and it builds that capacity in the system, which is really important.