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Ambitious Capital Plan Required to Confront Housing Crisis & Reverse Downward Trend in Investment - Jonathan O'Brien TD

11 June, 2018 - by Jonathan O'Brien TD

Sinn Féin junior spokesperson on Public Expenditure and Reform Jonathan O’Brien TD has called on the Irish government to follow an ambitious plan in capital and public investment to confront the growing housing crisis.

Teachta O’Brien said:

“In a period of recovery it is imperative that the government puts forward, and follows, an ambitious capital plan that addresses the current crisis in housing and rectifies a decade of under-investment in public and capital stock.

“Since the financial crisis and after several years of Fine Gael in Government, public investment has fallen far behind levels of investment in both EU and advanced economies.

"While this fall in investment was managed and justified by the Government under the rubric of ‘necessary austerity’, the time is now to reverse under-investment and bring public investment up to the level necessary to respond to the crises of today and plan for the future.

“Infrastructural deficits and an insufficient housing supply pose significant threats to our economy. Years of neglect have seen investment fall, harming our economic base and resulting in regional imbalances across the State.

"Sustained neglect of the housing supply and refusal to invest in social housing poses serious threats to both the standard of living of our society and the competitiveness of our economy.

“What is required to respond to uncertainty in the times ahead is investment in our infrastructure, in the skills and education of our people, in housing, and by developing a secure and stable economic base upon which our country can rely in the future.”

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