Chamber News

Commitment to increase capital expenditure vital for competitiveness

The publication today (14/09/2017) of the Mid-Term Review of the Capital Plan is an important step towards improving Ireland’s competitiveness and ability to meet future challenges.

Commenting on the Review, Chambers Ireland, Chief Executive, Ian Talbot said, “An additional €4.1 billion being committed to capital spending between 2018-2021 will be welcome news to businesses across the country. This increased spending by Government is an important first step that will fund important infrastructure projects in priority areas such as transport, housing, water, and will drive continued economic improvement.

As economic conditions improve, the Government will have the opportunity to increase capital spending further and achieve the target of 4% of GDP that Chambers Ireland called for in our Pre-Budget 2018 Submission.

“The allocation of spending will provide the details and announce the anticipated infrastructure projects that are crucial for the economy. We are strongly in support of the forthcoming 10-year National Investment plan 2018-2027, being aligned closely with the publication of the National Planning Framework, Ireland 2040, in order to ensure that all capital investment is spent strategically to deliver long-term benefits.”

 

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