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Ultra-low public investment in Ireland “reckless and unsustainable” – David Cullinane TD

20 June, 2016 - by David Cullinane TD

David Cullinane, Sinn Féin spokesperson for Public Expenditure and Reform, has welcomed Social Justice Ireland’s Socio-Economic Review of 2016, saying that its proposals on capital investment are sensible, equitable and achievable.

Deputy Cullinane said:

“Ireland is at a crossroads. We need serious capital investment yet the minority Fine Gael/Independent government is committed to cuts in taxes and the further privatisation and downgrade of essential services. Social Justice Ireland correctly points out that ‘Ireland’s level of investment is too low to provide the housing, the services and the infrastructure that Irish people need.’ Sinn Féin shares this view.

“The ultra-low levels of public investment in Ireland has been highlighted by groups and organisations as diverse as IBEC, ESRI, NERI, TASC, the EU Commission, the Irish Fiscal Advisory Council, and now Social Justice Ireland. Indeed, the Department of Finance’s own report has capital investment at 1.8 percent for the next four years.

“Given almost ten years of underinvestment and unmet demographic pressures, this shockingly low level of capital investment is reckless and unsustainable.

“Sinn Féin is committed to a sustainable capital investment programme, one that sees housing, broadband, health, education and transport infrastructure as essential social and economic pillars. This is the base from which to rebuild our society after the devastation of Fianna Fáil’s bank bailout and Fine Gael and Labour’s austerity mania.”

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