Oireachtas Joint and Select Committees

Wednesday, 3 July 2019

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance

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

If Brexit does not happen, if there is an orderly Brexit or if it happens at a later point in time, we would need to look at two things. The first would be how to improve the capacity of the people, capital and land present in our country. It would not be all about how to restrain growth. It would also be about how to make better use of the resources available to us. In particular, the main opportunity would be the level of underemployment we still have in particular parts of our country. That is why the work that the Minister for Children and Youth Affairs, Deputy Katherine Zappone, is doing on the national childcare scheme is important for social and economic reasons.

The use of land would be even more important. That is why I believe the work of the Land Development Agency can make a difference over time. Our response would have to be a mixture of two things. It would involve making more with what we have while also being careful not to make decisions likely to stimulate any further inflation within the economy.

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