Commenting on the release of the Fiscal Monitor (2nd March 2017), Ian Talbot, Chief Executive of Chambers Ireland said, “The Exchequer Surplus of €587 million recorded to end of February is a welcome indicator of continued economic growth and a strong start to 2017. The strong Exchequer return figures are encouraging for Government ahead of the Capital Plan Review due to take place later this year. The continued increase in the tax take provides an opportunity to plan for increased investment in the infrastructure that is urgently needed to maintain Ireland’s competitiveness and to facilitate future economic growth.”
“The review of the Capital Plan must include a significant increase in capital investment in order to prioritise strategically important infrastructure projects that can deliver long-term sustainable economic growth.”