Seanad debates

Wednesday, 18 June 2025

Nithe i dtosach suíonna - Commencement Matters

Housing Provision

2:00 am

Photo of Robbie GallagherRobbie Gallagher (Fianna Fail)

I thank the Minister of State for his contribution. I know the area is not his own and that it is that of the Minister, Paschal Donohoe, as he alluded to. I find the response rather disappointing. While I take a point about the State savings scheme, if we have a resource of €170 billion sitting on deposit that makes very little interest for those savers, surely it is a resource the State should look at utilising. Other European countries have gone down this road, and I just named France as one, and it has proven very successful. When we have €170 billion that makes little or no return for deposit holders currently, any kind of interest rate to them is better than what they currently get, and surely it is cheap money we could use to utilise and fund much-needed infrastructural investment across the board and State.

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