Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

ECOFIN Meeting: Minister for Finance

9:30 am

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

We will double it over a seven year period. By 2021, with no further change, we will be investing €7.3 billion in capital investment in our country. The highest point we ever got to was €9 billion and look what happened after that. We need to be very careful about making money available in a way that delivers the investment the Senator is talking about. I make that point conscious of the fact that it is entirely possible we will get to a point next year where we have an unemployment level well below 6%. That has major consequences for how we make sure that this money is used within our economy.

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