Gerald Nash (Louth, Labour) | Oireachtas source

I have two more observations and questions. The most recent Exchequer returns and the trajectory we are on at present would suggest, to me at least, that the deficit this year will ultimately not be anywhere close to €21 billion. Mr. Barnes may have a different view, but what does he believe is the lowest level at which it might potentially come in at the end of the year, given the trajectory we are on at present?

On public capital expenditure, the council recognises that public capital investment is an important stimulus. Regrettably, the very propitious lending environment we are in at the moment is not being exploited enough by the Government in terms of borrowing at very low rates for long-term capital investment. It is very underambitious to simply decide to spend an additional €500 million over the next 12 months, given the deficiencies we have in our public infrastructure and our social infrastructure - for example, in public housing. Does Mr. Barnes think it would be wiser to invest more now, on top of the €500 million, on top of what is already committed, to unleash the economic potential and address some of the social and public infrastructural gaps we have at the moment, particularly in the context of housing?