Oireachtas Joint and Select Committees

Wednesday, 10 July 2024

Committee on Budgetary Oversight

Summer Economic Statement: Discussion

5:30 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

If you take 5% of GNI, it gets you to a figure that I am sure is lower than our total capital investment at the moment. It is up to the Government to try to figure out how we get up to that figure of 5% and how quickly we can do it.

It is simply not achievable to get to that target in a single go because were we to get to that figure in capital, everybody would raise lots of current spending issues with us, including the Deputy. We are trying to get a balance right in the total rate of expenditure growth.

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