Dáil debates

Tuesday, 26 September 2017

6:05 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

In terms of the broader action the Government is taking, this is the reason we are aiming to introduce a budget that will increase capital investment in a number of important areas of the economy. While we intend to do this work in any case, the challenge posed by Brexit makes it even more necessary. We will follow up on the budget with a ten-year national capital plan to be published in December.

The Deputy asked what the position was in respect of the balance sheet of potential gains and losses from Brexit. In recent months, I have noted that the opportunities in financial services and banking arising from Brexit are very significant for the economy. The entire economy, not only Dublin, can benefit from this development. I continue to be aware of the great risks posed to the economy and export competitiveness, in particular the risks posed to agriculture by currency shifts and possible future trading arrangements.

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