Oireachtas Joint and Select Committees
Wednesday, 11 July 2018
Committee on Budgetary Oversight
Summer Economic Statement: Discussion
3:30 pm
Jonathan O'Brien (Cork North Central, Sinn Fein)
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The Minister referred to capacity and investment in capital expenditure, noting the Government's proposal to increase capital expenditure by 25% next year to approximately €7.2 billion. There is a balance to be struck when increasing expenditure. Are there any concerns about capacity and meeting the needs to implement that policy? Has the Minister had any discussions with the Construction Industry Federation, CIF, about capacity issues? Much has been said about overheating the economy. Will the Minister outline some of the ways that can be prevented, for example, by broadening the tax base or investing in capital infrastructure?