Oireachtas Joint and Select Committees
Tuesday, 20 April 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)
Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source
There must be concerns that President Biden's plans will have a massive impact. We have long neglected investment in infrastructure, housing and research and development, which should be a key pillar of a successful economic model. Our research and development expenditure as a percentage of GDP is consistently below the EU average.
We have had several years of underinvestment in infrastructure and the housing crisis will also have an impact. I understand that the Minister is engaging with the Biden Administration and I would expect nothing less. We need to seriously consider what we can do to support our SMEs when the rate is consistently below the EU average.
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