Brian Lenihan Jnr (Dublin West, Fianna Fail)

All Members realise the challenge we face and I welcome their contributions as to how we can collectively meet the new situation. It is easy to be critical when hard decisions have to be made. I am satisfied, however, that our response to the new economic circumstances is proportionate, measured decisive and credible. I believe the public recognise that and will support our approach. The savings outlined by Ministers this week will be delivered.

A set of systematic measures have been announced that will yield dividends now and in the medium term in the current account. By focusing on greater effectiveness, targeting better payroll management, seeking savings in the services we buy in and prioritising productive capital, we are putting in place a regime that will enhance the delivery of public services and the return from the investment decisions we make.

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