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Budget Resources Submission €400m Greater Than Expected

Published on Jul 24 2017 9:24 AM in Retail tagged: Trending Posts / Ibec / Budget 2018

Budget Resources Submission €400m Greater Than Expected

Resources available for Budget 2018 is reportedly €400 million 'greater than previously estimated' by Government.

Ibec has called on the Government to 'show further ambition' in meeting Ireland’s critical infrastructure and demographic needs, according to a statement it issued today (24 July).

At the launch in Dublin this morning the group that represents Irish business said that the Government has more within its power to spend on investment in much needed infrastructure, education and training, if it so chooses.

Fergal O’Brien, Ibec Director of Policy and Public Affairs, said domestically, we are facing chronic shortages in necessary infrastructure such as transport and housing, due to years of under investment.

"This is coupled with a shift in our demographics, with the population expected to grow by about one million over the next 15 years, adding to the burden on our public infrastructure."

Ibec siad that it has consistently drawn attention to the limited ambition from Government when it comes to the delivery of key infrastructure projects.

"We are a very wealthy and high income globalised economy, with immense business substance and a growing working age population to support this, but without sufficient infrastructure to match." He added.

© 2017 - Checkout Magazine by Donna Ahern

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