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

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)

I take that point. The Minister is saying that we live in a new normal and a strange time.

My next question is about capital expenditure and ties into the discussion the Minister had with Senator Conor Murphy. The Minister talked about regional jobs with numerous people. There is an infrastructural deficit in more isolated areas and regions, for example, in the west or wherever else. Capital spending creates apprenticeships and those types of jobs. I am concerned that if our tax receipts fall and there is a downward trend in our capital spending, it would cause a further downward trend in our economic activity. That is what the Minister was-----

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