Investment must be the fruit of economic growth – Doherty
Sinn Féin’s Finance Spokesperson Pearse Doherty TD has today said that continued levels of projected economic growth must result in substantial investment in infrastructure and in the housing crisis.
The Donegal TD was responding to the publication of the European Commission’s Summer 2018 Interim Economic Forecast.
Pearse Doherty TD said:
“The European Commission’s forecasts confirm that the Irish economy remains set to grow at 5.6% this year, and 4% next year. For 2018 this will be the highest level of growth in the EU.
“However, we cannot presume that growth at these levels will continue in the time ahead. The Commission correctly points to Brexit and international trade tensions which particularly impact on the island of Ireland and our economy.
“Current rates of growth afford us the space to invest in our infrastructure and our people, after a decade lost to decline and underinvestment.
“We must ensure these years aren’t also squandered. With threats on the horizon, the only way in which we can strengthen the core of the economy and guard against threats on the horizon is to invest.
“In the coming Budget, Sinn Féin proposes meaningful investment in housing, in our infrastructure, and in education and public services to unlock our full economic potential.”