Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Committee on Budgetary Oversight
Sovereign Wealth Funds: Discussion
Seán Canney (Galway East, Independent) | Oireachtas source
If I may make a comment, Mr. Ashmore referred to infrastructure that does not provide a yield. Public transport does not provide a yield in the sense that it may not be profitable but it is an enabler to developing a region. This is public money. Why are we not changing the focus to use this money not so much to provide a monetary dividend but to provide a dividend for the future of the regions? What I mean by that is that we should put in the infrastructure whether it is roads, rail, sewerage or water as enablers to allow businesses to thrive and develop. I worry that we are trying to make a profit from public money rather than trying to use it become the enabler.
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