Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

I ask those commentators who refer to problems resulting from allowing spending to grow by 40% over two years what they would have done differently. On what would they have refused to spend money? If I had limited spending to half the amount over the two years in question, aside from the political ramifications of people roaring for greater spending and reduced taxation, I would have increased the surplus. The effect of increasing the surplus would have been to reduce our debt even further.

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