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Sinn Féin wants a stable and balanced economy that will deliver for society - Doherty

9 February, 2016 - by Pearse Doherty TD


Sinn Féin's spokesperson on Finance, Pearse Doherty TD, has outlined how Sinn Féin would ensue a fair recovery if in Government, during the launch of the party's 2016 Election Manifesto.

Deputy Doherty said:

"This manifesto sets out ambitious plans, not just for a five-year term of government, but for the future of this State.

"The last 8 years have seen our public services hollowed out and privatised, ordinary families inflicted with the brunt of the government’s austerity policy, and our rural regions, particularly the West, suffer disproportionately from cuts and, as a result, emigration.

"The economic ideology of Fine Gael, Labour and Fianna Fáil does the people of this State no service. Their failed model caused and prolonged the economic crash, using it to attack the State – socialising losses in banks, selling off assets and public services to vulture capitalist and ballooning Irish debt.

"With these parties, there will always be chaos. There will always be the auction politics and failure to plan long-term, as witnessed by Fine Gael’s plans to abolish €4 billion of the tax take, benefitting the highest earners, among them the Taoiseach, the most. 

"Sinn Féin wants a stable and balanced economy that will deliver for society. We want to move away from the boom and bust cycles perpetuated by these other parties. The first step to achieve this is to ensure that any ‘recovery’ is a fair one that benefits most the people hardest hit by austerity.

"The global figures of our manifesto commitments amount to a current expenditure of €6.3 billion, capital expenditure of €3.1 billion, and unallocated capital/current expenditure of €1.2 billion. Giving a total of €10.68 billion.

"It is our plan to create 250,000 jobs over 5 years and on top of this direct jobs investment, in government we would enact a series of measures to stimulate enterprise and facilitate the creation of jobs in the private sector.

"What sets us apart from the other parties in this election is that it is not just the number of jobs that it is important to us, but the type and quality of the jobs. 

"It’s important that underpinning this job creation strategy is a fair and progressive tax system that benefits all workers.

"We will scrap water charges, abolish the property tax, and remove workers earning under €19,572 from USC net, benefiting 277,000 people.

"The top 6% of earners will be asked to pay an additional seven cent out of every euro earned on income over €100,000.

"If a worker loses his or her job, or if a citizen is unable to access the job market, our progressive government will ensure they are protected from poverty and enabled to return to work or assist in their community. 

"We will keep AIB in State ownership for minimum of five years, subject to an application for recapitalisation. We will also ensure a review of Credit Union regulations and lending restrictions, to ensure they play a greater role in our banking system.”

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