Seanad debates

Thursday, 21 November 2002

Book of Estimates, 2003: Statements.

 

Today, we are dealing with the abridged Book of Estimates which is the first in five stages to be followed by the budget and the revised Book of Estimates. After that comes what the Minister, Deputy McCreevy, referred to in his letter to Deputy Michael Noonan on 13 May as mid-summer adjustments because of underspending in some areas and overspending in others – a passage which, of course, is never quoted. Then, in late autumn, there is a further issue of the Book of Estimates with an estimated outturn and, possibly, Supplementary Estimates and, finally, the actual outturn. Clearly, it is a long process. At this stage, pending the outturn for this year, we do not know if the increase in expenditure is 2%. In particular, the social welfare spending and what arises from the pay round are not yet dealt with.

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