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Education and investment can't be sacrificed for government's 'Rainy Day Fund' - Pearse Doherty TD

16 July, 2018 - by Pearse Doherty TD


Sinn Féin Finance spokesperson Pearse Doherty TD has said Budget 2019 must increase investment in our economic potential through education and infrastructure.

The Donegal TD was speaking following an IBEC pre-budget submission which criticised the government's Rainy Day Fund proposal in favour of investment in higher education.

Deputy Doherty said:

"For months Sinn Féin have said the government's so-called Rainy Day Fund is an ill-defined and poorly thought through example of policy on the hoof.

"Indeed, it is highly irresponsible to commit €500m a year to a pre-election pledge when the government may be in breach of the fiscal rules for using it in the event of a downturn.

"Crucially, this attempt to create an image of prudence ignores the urgent needs of citizens and our economy as we approach Budget day.

"After a lost decade of declining public services, soaring living costs, a housing crisis, and failing infrastructure, Budget 2019 must be about investment.

"For universities sliding down the world rankings, families burdened by some of the highest living costs in the developed world, and for a housing crisis which threatens our economic stability, it is already raining. 

"We have a choice in the coming budget, and Sinn Féin would invest in our public services and economic potential."

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