Huge opportunity cost for State if prudence is primary economic aim
Focus should be on projects not undertaken rather than on those already under way
“We need to effectively and efficiently deliver the projects our rapidly-expanding population requires in the form of public infrastructure.” Photograph: Cyril Byrne
The Minister of Finance, Paschal Donohue, is not short of advice right now. More will undoubtedly be offered during this week’s National Economic Dialogue, including from ourselves in the business community.
Truisms will abound. The situation is well rehearsed – we need to be ambitious, we need to be prudent, the economy is overheating, the economy is on the verge of a downturn induced by a hard Brexit. We range from the “seen it all before” sages, to a “naive generation” believing that both economic laws and political sanity stop at Holyhead.