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Cuts to capital expenditure are counter productive to Brexit contingency plans - David Cullinane TD

11 February, 2019 - by David Cullinane TD


Sinn Féin Brexit spokesperson David Cullinane TD has criticised Government plans to cut the capital spending budgets across eight departments in the wake of the scandal of the cost overrun at the National Children’s Hospital.

Teachta Cullinane said with just 46 days to Brexit now is the time for capital investment rather than cuts.

He said;

“Today Sinn Féin outlined a €2billion package of measures to help protect Ireland from the potential economic damage of a crash Brexit. This included using funds from the rainy day fund. Meanwhile we have a government preparing the axe for cuts in capital expenditure across eight departments.

“In Budget 2019 the government, in partnership with Fianna Fáil, put €500m into the so called rainy day fund.  They have committed to doing the same for the next three years.

“Now we have a situation where a government overspend is causing capital cuts across different departments, including €30 million from the Transport budget.

“With just 46 days to Brexit now is the time for capital investment rather than cuts.  The government strategy of cutting the budget of eight departments is counter productive to any Brexit contingency planning.”

ENDS

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