Seanad debates

Wednesday, 3 December 2003

Order of Business. - Budget Statement: Motion.

 

There is a commitment in the budget for multi-annual budgeting for capital purposes, the capital envelope of three to five years. In principle, I accept it is right, but it is not the first time something of this nature was announced. Something similar was announced and even tried a number of years ago. However, the Department is not much given to this type of idea, certainly not in practice whatever about in principle. The proof of the pudding will be in the eating. I like the idea that one can carry over up to 10% of one's budget if it is unused. Provided that is not reflected in a reduction in one's budget for the following year, it clearly makes sense. In terms of infrastructural development and capital spending, we need a much more sensible way to do things than the stop-go way we have seen heretofore.

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