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) | Oireachtas source

That is fair enough. The Minister and an Teachta Cian O'Callaghan talked about the risks posed by our concentrated corporate tax and the measures that are being taken as a result. The measure to which the Minister alluded was budget surplus. That is fair enough, but it does not shift industrial policy. I know there was a White Paper by the Department on that topic. It is an issue of concern, as an Teachta Timmins touched on. How do we develop an internationally competitive indigenous sector?

That White Paper mentioned technology and knowledge spillovers from the multinational sector but the concern, for example, with intellectual property protection and non-compete clauses, is how that spillover will happen. I am from Galway, where FDI is incredibly important but, in general, if we are looking to shift our industrial policy a little, apart from budget surpluses, what are the key tasks ahead for us?

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