Dr. Robert Kelly:

Exactly, and it is very different for other countries. The spending framework which was established a couple of years ago is part of it and will be a guiding light. That is the right thing and we should definitely think about how that is a good way of thinking about the mix of expenditure. However, I would agree with the Leas-Chathaoirleach. What the economy needs most right now is to think about the investment mix within that and ultimately taking actions that will increase the capacity of the economy over a couple of years. Whether that is public infrastructure or to his point about climate transitions so that it does not necessarily accrue a large cost in a couple of years, we need to think about front-loading some of that and trying to unlock private capital. What do we mean there? Maybe the State can spend on the infrastructure rather than the delivery of housing to ensure it can be delivered in certain areas by private capital. The State will always have a role in the delivery of housing but it is understanding what investments get us the most capacity back.