Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Committee on Budgetary Oversight

Stability Programme Update: Economic and Social Research Institute

Dr. Kieran McQuinn:

If the Deputy is asking where we need public investment the most in the economy at present, and we have made this point before Oireachtas committees on a number of occasions over the years and in our commentaries, the housing area is the main area where we need public investment. Obviously there are many other areas and we mentioned the need for investment in green technologies. That is very important also in facing up to the environmental challenges that exist. Those are the two most pressing areas we would see as warranting investment. If we consider it from country to country, from a cross-European perspective, there are different requirements for investment in other jurisdictions. However, in the Irish case, certainly it is mainly in the housing area and in developing green technologies to address the environmental challenges.

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