Oireachtas Joint and Select Committees

Wednesday, 19 June 2019

Committee on Budgetary Oversight

Fiscal Policy and Budgetary Planning: Discussion

If one is a great brickie, one is at degree level in terms of construction. Is that not the way to go? One should equalise the thing and say that all these professions, whether that of economist or brickie, are equally necessary. I do not see why there should be that type of problem.

As a company director, I am a member of IBEC. Earlier, NERI representatives told the committee that of ten wealthier countries, we were ninth lowest in terms of public sector spending. Clearly, we have supplementary budgets because the health budget is not sufficient to run a national health service, which is what we want. Denmark, Sweden, Finland, Austria, Belgium, France, the Netherlands and Germany are Nos. 1 to 8, respectively. We are coming in behind them. If we are to get to their levels of public infrastructure, including transport, to meet the new carbon plans, we will, surely, have to spend money. By the way, that will create confidence among builders. We are going to have to do a great deal of building so it is hard to see why people are worried about confidence.