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13/07/2017

Irish finance minister boosts capital spending on infrastructure

Words: Roger Milne

Irish finance minister Paschal Donohoe has insisted that the state would be able to commit €500 million in additional capital spending on economic and social infrastructure in each of the years between 2019 and 2021.

That claim came as his department published the summer economic statement.

This highlighted that the government was working to address so-called infrastructural bottlenecks.

A mid-term capital review is under way to ensure that additional capital spending is fully aligned with economic and social priorities, including the objectives of the forthcoming National Planning Framework, and with the objective of enhancing the growth capacity of the economy.

The government has already consulted departments and the public on what the priorities should be for further capital spending on infrastructure. Later this year the government will publish a 10-year capital investment programme.

Image credit | Shutterstock

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