Seanad debates

Wednesday, 26 March 2003

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

 

If I had said I wanted to put more money into the national pensions reserve fund, Senators McDowell and Higgins – who were both Deputies at the time – would have claimed I could not do so because the roads to Ballyhaunis and Claremorris were falling apart and more money was needed to facilitate their repair. People want more social needs assistance and want social welfare funding to be increased. Had I been able to hold out and achieve that goal, the surplus would have increased. When there is a surplus at the end of the year, all that happens is that the debt gets lower. It is not put in another place and held there for the next year so that we can spend it then. That is the way we have been doing business in public financial terms since time immemorial.

Comments

No comments

Log in or join to post a public comment.