Saturday 16 December 2017

Do the maths, Michael -- it just doesn't add up

THE Punt wonders what exactly all the officials do in the Department of Finance.

We certainly don't doubt that they work hard, but engaging external consultants to advise on the new Medium-Term Economic Strategy has left us scratching our heads just a little bit.

Why do we have a Department of Finance if we have to source, and pay for, advice from economic consultants when devising the State's economic master plan for life after the bailout?

Isn't that what we have a Department of Finance for?

Michael Noonan (above), in a response to a parliamentary question, said the department had entered into a contract with one company valued at €39,873.

It's also paid the Economic and Social Research Institute (ESRI) almost €30,000 for assistance in "modelling medium-term supply-side changes to the Irish economy" and a further €3,759 for work on "spatial" issues.

The Punt wonders should the State not simply ensure that they employ people who have these skills to begin with.

Irish Independent

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