The €133 Billion Black Hole: Why Ireland Can’t Track Its Spending

Theoretical physicist Matt Fenlon joins the podcast to expose the systemic lack of transparency in Irish public expenditure. As the state budget doubles to €133 billion, Fenlon discusses the black hole in procurement, the surge in opaque consultancy fees, and how a Golden Thread of data could finally bring accountability to government spending. This conversation explores why the Irish state struggles to measure value for money and what happens when a bureaucracy becomes larger than the political class meant to manage it. Check out the spending tracker discussed in the episode at: statespend.ie.

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