Seanad debates
Wednesday, 26 November 2003
Book of Estimates 2004: Statements.
I am satisfied with the continuing high level of spending on infrastructure. We are spending about 5% more of GNP on infrastructure than our European neighbours. We need to do that. There might be a marginal adjustment in infrastructural spending in the budget but I am not convinced that we should break our necks to do it. If one tries to do too much too quickly, it simply increases the cost and causes inflation. One does not get a proper bang for one's buck.
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