Review of the Report of the Mid-term Review of the Capital Plan: Building on Recovery 2016-2021
September 2017, the Minister for Finance and Public Expenditure & Reform published the output of the long awaited Mid-Term Review of the Capital Plan: Building on Recovery 2016-2021(the “Report”). The Report places investment in infrastructure in a positive context identifying Ireland as a country which has much to benefit from infrastructure spend and acknowledging the recognised benefits that infrastructure can have to economic growth generally. Transport, housing and education are particularly highlighted. Some would say the positive acknowledgement of the contribution of infrastructure to economic development marks a clear shift in Ireland’s approach over recent years which has been to limit or depress capital spending by focusing on Ireland’s fiscal position rather than its economic competitiveness.