Oireachtas Joint and Select Committees

Tuesday, 25 June 2013

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Budget 2014 Proposals: Discussion with IBEC

3:20 pm

Ms Reetta Suonperä:

If I may comment on the investment piece, in terms of avoiding a repeat of the 1980s, where there was a pull-back on capital investment which left bottlenecks that were not unwound until I arrived in Ireland in 2000, and the results of which catch-up I have seen, we need to think of it strategically and to look at what bottlenecks might emerge. However, that also means that one might not have that investment in place next year or the year after, whereas easing back on the austerity and on the tax hikes has an immediate pay-off in terms of the economy.