Seanad debates

Wednesday, 2 July 2003

Forfás Consumer Pricing Report 2003: Statements.

 

Part of the problem has been too much demand in the economy. In future budgetary management, we must pay more attention to managing demand to prevent pressures building up. Such pressures were particularly obvious in the construction industry where tremendous demand to develop infrastructure drove up prices and resulted in less bang for our buck. We have discussed in this House over the last few days the different estimates of the cost of a metro system. Differing estimates are part of an era in which a sum considered sufficient one month would be too low compared to a few months later. We must get away from that mentality and leave this era behind.

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