Oireachtas Joint and Select Committees

Tuesday, 19 September 2023

Committee on Budgetary Oversight

Pre-Budget Engagement: Central Bank of Ireland and ESRI

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

I have two main questions, one of which is on public investment in the context of the budget. In its bulletin, the Central Bank projects housing completions to be 29,000 next year and 30,000 in 2025. That compares with targets of 33,450 next year and 34,600 in 2025 under the Government's housing plan, and we know that these targets are well below what is required. Would the Central Bank agree that these projections are greatly concerning, not only for citizens but for the broader economy in terms of capacity? When we speak to businesses, the main threats are the labour shortages and housing, as there is nowhere for businesses to house their staff. What impact will that have on our competitiveness, as well as the humanitarian nature of homelessness and all of that context?

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