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Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: Does that answer all the Deputy's questions?

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: We will be having a session on that.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: Amazing recall.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: Deputy Lahart has been most patient.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: Is the analysis complete?

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: Before the Minister goes, in relation to Brexit, we have had many discussions about it, not as much today because as the Minister pointed out, much of it is unknown. In terms of upcoming infrastructural investment outside of the east coast and the Dublin area in particular, the need for direct access by sea to the Continent rather than through Britain means an expansion in investment is...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

John Paul Phelan: I thank the Minister and his officials for their attendance. I wish everyone a happy Easter.

Committee on Budgetary Oversight: Business of Select Committee (28 Mar 2017)

John Paul Phelan: As we have a quorum, we will commence. I apologise for my absence in recent weeks but thank Deputies Lahart and Chambers for stepping into the breach. Is it agreed that we go into private session? Agreed.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: I welcome from the Construction Industry Federation Mr. Dominic Doheny, president; Mr. Pat Lucey, senior vice president; Mr. Philip Crampton, chairman, investment taxation and public spending committee; Mr. Tom Parlon, formerly of this parish, director general; and Mr. Hubert Fitzpatrick, director. They have been asked to give evidence to help the committee in its review of the capital plan....

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: I thank Mr. Crampton. Does Mr. Doheny wish to make a closing statement?

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: Members should try to limit themselves to five minutes for questions and answers so that everyone can contribute. I know that Deputy Chambers will.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: No pressure.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: There were other things that were asked.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: Can the CIF send us a copy of that when it has been published?

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: Was that the Deputy's main reason for opposing the treaty?

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: I would never believe it.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: Can Mr. Parlon respond? I will return to the Deputy.

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: Before finishing, the matter of fiscal rules has come up time and again. Mr. Parlon mentioned strange bedfellows but everybody on this committee is in agreement with his position that there must be some relaxation. Mr. Crampton made a point about the structural reform clause and it is probably the most realistic route of a change occurring there that will not require a treaty change. We...

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: We do and we are in agreement on that. A final point is on long-term planning. Deputy Boyd Barrett regards himself as a socialist but I am not. As I recall, one thing the Soviets used to get right was the 20-year plan. I was a child at the time so I do not have much recollection of that era. In Britain, following from Brexit, they are talking about a 30-year horizon on capital...

Committee on Budgetary Oversight: Review of the Capital Plan: Construction Industry Federation (28 Mar 2017)

John Paul Phelan: The witness had a point on the European Investment Bank, which is now here. I have spoken to the clerk and we could get its representatives before the committee. I will discuss it with other members and follow up on that.

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