Seanad debates
Thursday, 12 December 2002
Appropriation Bill, 2002 [Certified Money Bill]: Second and Subsequent Stages.
We should regard the last five years as a unique period in Irish economic history that is unlikely to repeat itself in the future. We certainly will not have 10% growth rates as we had at their peak in 2000. We introduced programmes in every area to start tackling the problems facing us. There has been talk of cutbacks in respect of which I do not wish to go over figures and percentages. Senator Higgins has acknowledged that there has been a huge increase in public expenditure. Even gross expenditure will rise next year when current expenditure will rise by nearly 9%. There are no cutbacks, just plusses and minuses, depending on what one is looking at. That is always the case. In terms of further increases, we are on a plateau and will have to mark time. That could be the case for perhaps two or three years. It is very difficult to predict the future, but, at least, we are operating at a far higher level of expenditure than in 1997.
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