Oireachtas Joint and Select Committees

Tuesday, 25 June 2019

Committee on Budgetary Oversight

Budget 2020 and Macroeconomic Issues: Discussion

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Given the likely impact of Brexit being somewhat negative or the possibilities of the downside risks that threaten us, the Government must respond by radically diversifying our economy away from being over-dependent on a few sectors. That is our best medium to long-term insulation against some of these vulnerabilities we have. Dr. Kinsella mentioned the agrifood sector and said we should design supports. There is a good case for that but, on the other hand, one might argue in the context of climate change that we need to scale down parts the agrifood sector and rather than bailing those sectors out, we should think about how we can get a just transition for the people working in those sectors into more sustainable, diverse forms of agriculture.

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