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Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Does the Deputy want me to answer his question on Brexit?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I refer to Brexit and privatisation. I agree with Deputy Donnelly on Brexit. In particular, I agree with him regarding the effect it will have on small companies. We are already seeing the signs of this in agriculture in particular. One of the things that struck me in the aftermath of the Brexit period is that the Government said when it happened that we did not expect the world to change...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I thank the Deputy for his questions. I will start with the first. We make a provision for demographic expenditure in the outlook for the State. The clearest example of that is where we are in 2017. We have a figure laid out of €900 million that Deputy Brophy quizzed me about earlier, a portion of which is for demographics. That is then laid out in the summer economic statement...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I have a differing view to IFAC on indexation. I will have another look at the figures to see if the scale of the gap to which the Deputy refers exists. So much of the analysis put forward by IFAC is based on the concept that increases in expenditure have to be automatic and I disagree with the council on that. It is certainly my understanding of the figures I have seen that indexation...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Does the Deputy think we should be in the euro?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: No.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Does the Deputy think we should be in the euro - in the shared currency zone - now?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: What would the Deputy be willing to threaten?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: It was not me who made that statement.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I am glad we have confirmed that.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I would not like to get Deputy Boyd Barrett and any of his party colleagues mixed up.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I would not like to attribute any of their comments to him. I certainly did not say that. I said on many occasions during the period in question that despite the great difficulty and challenge we had to manage, I was convinced that Ireland's continued membership of the eurozone was essential to how we would help our economy to grow and continue to improve the services we provide to the...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I am laying out what I believe is the Deputy's point of view. We have a different view on the matter. I do not believe we can increase taxes to fund the expenditure in the way the Deputy wants without having a negative effect on the lives of many of the people I represent. He is talking about significant increases in expenditure that would either break the fiscal rules, which will have...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Please do.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Under each one of those headings, will the Deputy not acknowledge the investment already under way?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I have acknowledged our different political views that get to the points he is making, but will he acknowledge, for example, under public transport, on which he quizzed me, the investment we already have that is being funded from the resources that are available to us and the resources that are available under education to our universities and institutes of technology? In terms of where we...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Where? Where are we doing that in Dominick Street?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: There are other considerations apart from economics. If we consider the public housing projects that are under way, it is my view and that of the Minister, Deputy Coveney, and of many parties in the House - I believe it is likely to be the view of Dublin City Council - that if we are delivering significant urban regeneration projects, we should have mixed tenure on them. We should have...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: I do not think so.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Paschal Donohoe: Yes, there is. The National Transport Authority has published a greater Dublin transport strategy, which outlines various projects it believes need to be delivered to address the matters to which the Deputy referred. He mentioned in particular how we can introduce shorter travel times between Dublin city, County Dublin and adjacent counties. The NTA wants to electrify the existing...

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