Oireachtas Joint and Select Committees

Tuesday, 24 June 2025

Committee on Budgetary Oversight

Annual Progress Report 2025: Discussion

2:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

A lot of other economies in the European Union are very open and depend heavily on exports. We do have a higher level of international investment in our economy than the norm but many of my finance minister colleagues have exactly the same concerns that we have. We are always aware of the one area of reliance and vulnerability we have, but every economy has an area of risk and a reliance on, for example, a form of energy or a form of manufacturing, or one part of their economy they heavily rely on from an employment point of view. We have a few characteristics that are quite distinct, but many economies are highly open and have similar concerns to us.

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