Oireachtas Joint and Select Committees

Wednesday, 16 July 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute

3:30 am

Photo of Colm BurkeColm Burke (Cork North-Central, Fine Gael) | Oireachtas source

On one of the issues in the research area, I will give the example of the new children's hospital being built in Canada, which is costing $3.6 billion. The Government is only paying out two thirds of that money. The hospital has to raise the other $1.2 billion itself. Everyone has bought into it. The pharmaceutical, medical devices and IT companies have all contributed to the $1.2 billion to build that hospital. In Ireland, we seem to have created artificial boundaries making sure the pharmaceutical industry does not have that connection with the health service. Is it not the case that we now need to look at that whole area rather than having this idea that everyone who wants to put money in for research is looking for a gain somewhere along the line?

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