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Budget 2015 fails the 374,800 people on the live register – Tóibín

15 October, 2014

Sinn Féin TD Peadar Tóibín today accused the Minister for Jobs, Enterprise and Innovation of failing the 374,000 people on the live register. The government failed to use Budget 2015 to deliver an ambitious programme of state sponsored stimulus to get thousands of people back to work.

The Jobs, Enterprise and Innovations Spokesperson said:

“Following the Government’s budget announcement yesterday the Minister for Jobs, Enterprise and Innovation issued a statement claiming that capital expenditure for his Department has been increased by 50m creating 50,000 new jobs in 2015.

“The facts, as is so often the case with this Government, are very different. The Department of Jobs, Enterprise and Innovation has received no increase in its current expenditure for 2015, and its capital budget has been actually cut by 4 million euro.

“As for creating 50,000 jobs in 2015, we can have absolutely no confidence in such claims as just 47,100 net new jobs have been created since March 2011. Indeed Labour and Fine Gael have overseen a drop of 28,000 young people in employment since entering Government.

“With 374,800 people still languishing on the live register it is astonishing that there was little in the government’s announcement to create a much needed stimulus for 2015. The Government’s overall increase in capital expenditure for 2015 is just €210 m.

“Capital investment by the state not only provides much needed critical infrastructure; it also acts as a stimulus with numerous commercial and societal benefits. Stimulus is the critical ingredient that has been missing from this government’s response to the fiscal and economic crisis.

“If the government doesn’t believe us maybe it should listen to its friends in the IMF whose most recent World Economic Outlook argues the macroeconomic benefits of increased public infrastructural investment.

“When it comes to putting their money where their mouth is on jobs this government is sorely lacking.” ENDS

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