Oireachtas Joint and Select Committees
Tuesday, 16 June 2020
Special Committee on Covid-19 Response
Covid-19: Impact on the Fiscal Position
Colm Burke (Cork North Central, Fine Gael) | Oireachtas source
Savings in this country have been mentioned in terms of comparisons with 2008. The high level of borrowings in 2008 are not the same as now in 2020. Savings are now totally different as there is a significant amount of savings by individuals and, indeed, companies are in a good financial position. How can one now use those savings more effectively? Where there is a reduction in business and purchasing, what can be done to encourage the effective use of savings?
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