Dáil debates

Wednesday, 30 September 2020

Ceisteanna - Questions

National Economic Plan

1:20 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

I propose to take Questions Nos. 1 to 3, inclusive, together.

Both the high level review of the economy and the development of new measures of well-being and progress will be taken forward as part of the ongoing work on the development of a national economic plan and its associated work streams. As committed to in the programme for Government, work is under way to develop a national economic plan, which will follow after the budget with a focus on the priorities and objectives for Ireland's economic recovery.

We are living through a time of high levels of economic uncertainty in terms of the pathway of Covid-19 and the final impact of Brexit. Given this, the plan will set a framework of our priorities and policy objectives for sustainable recovery, while signalling pathways and further work streams over the years towards these medium-term goals. Work on the plan is being overseen by the Cabinet committee on economic recovery and investment. It will set out our approach to an inclusive and balanced recovery, building resilience across our enterprise and sectors and future-proofing our economy and society. Transitioning to a sustainable and low carbon economy will be at the heart of the plan.

The work is also an important opportunity to progress programme for Government commitments, including the development of well-being indices to aid a well-rounded view on how the economy and society are faring. I expect that there will be consultation and engagement with stakeholders and experts as we implement this and other commitments in the programme for Government over the period ahead.

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