Oireachtas Joint and Select Committees
Wednesday, 26 September 2018
Committee on Budgetary Oversight
Ex-ante Scrutiny of Budget 2019: Minister for Finance
1:30 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
-----when I make these kinds of points to her but, as I have said to her, the policy I am implementing at present is the policy that stands. All I have said to her is that we are assessing it, and I have explained why. The reasons certain salaries exist in certain sectors are a matter of great reflection for me. Banking is a leading example. The number of international banks that have now massively increased their presence here in Ireland and in particular the growing effect that technology companies are having on wage levels and on competition for talent within that sector are having an effect on the ability of banks that we own to retain staff. All I have said is that this matter is worth reviewing. I am under no illusion that if we were to make any change in this area, there would of course be massive public concern about it. We will increase investment in infrastructure next year by a quarter, or 25%. An additional €1.5 billion will go into hospitals, schools and housing, and this is happening because it is needed. It is all under way.
No comments