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Summer Economic Statement maps out a continuation of defeated policies – Doherty

21 June, 2016 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has said today’s Summer Economic Statement is a roadmap for a continuation of Fine Gael’s failed and defeated policies. He said it represented a choice to cut taxes for the wealthiest over investment in the economy and public services.

Deputy Doherty said:

“This Summer Economic Statement maps out a continuation of Fine Gael’s defeated vision of an unfair Ireland. This vision was rejected in the election, yet thanks to Fianna Fáil, it still prevails.

“Today, we were presented with the fiscal space for the next five years.  The Summer Economic Statement amounts to an attempt to squeeze a government narrative into this fiscal space and it fails miserably.

“The €11.3bn available is to be wasted on massive tax cuts which benefit the better off while expenditure continues to decline as percentage of GDP. This is a recipe for continued and deepened inequality. The failure to adequately invest in capital is testament to a Fine Gael vision of ever diminishing public investment.

“In the midst of a housing and homelessness crisis, the fact that this government has chosen tax cuts over adequate investment in housing is unforgivable.

“If the government were to forego the planned tax cuts in October’s budget, an extra €1.3bn could be invested in housing provision. That is the choice made by Fine Gael; tax cuts over investment. It is a choice which Sinn Féin will resist.” 

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