Seanad debates

Thursday, 19 June 2003

OECD Economic Survey of Ireland 2003: Statements.

 

I would like to deal specifically with some of the key recommendations of the report in that regard. The report acknowledges the reforms introduced to the budgetary process in 2002 and 2003, including the setting of expenditure targets by the Government for individual spending Departments at an early stage in the process. It welcomes moves towards a multi-annual capital framework for investment to facilitate greater planning of our infrastructural spending over the medium term. The Minister welcomes the recommendation of the OECD that we continue to build on these reforms. He intends to examine ways of further strengthening our budgetary and expenditure management arrangements in the coming years.

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