Oireachtas Joint and Select Committees
Wednesday, 28 May 2025
Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Developments in the Economy in the Year to Date: Minister for Finance
2:00 am
Paschal Donohoe (Dublin Central, Fine Gael)
I would highlight three. The first is an awareness of wage growth within our economy. While it was a difficult decision to make, I believe the decision we have made on the living wage is the right one. We need to ensure that wage growth within our economy increases living standards but is sustainable as well and that it helps with jobs being created, particularly in the domestic part of our economy.
I also highlight the importance of the work that the Minister, Deputy James Lawless, will be involved in. The then Minister for Finance, Michael McGrath, the present Minister for Public Expenditure, NDP Delivery and Reform, Deputy Jack Chambers, and I worked for years on this issue of the National Training Fund. Finally, in last year's budget we found a way to make progress on it. The use of that money and spending it smartly on further and higher education that delivers a real skill dividend is really important. I know that the Minister, Deputy Lawless, is very aware of it.
Third, I would highlight our planning system. The decisions are happening faster. The additional money we have put into An Coimisiún Pleanála is working. However, we all know that we need to try to have planning decisions made in an even faster and more predictable way. Those are the three key issues.
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