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[Article] Commission warns of inadequate capital spending

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04-03-2016 1:54pm

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marno21

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The European Commission's annual country report on Ireland warns that the Government's capital spending programme is inadequate for the country's needs.

The Commission has said that over the next three years in particular, capital spending will be underfunded because the Government has chosen to prioritise tax cuts and current spending increases over investment.

This report is critical of the Government for prioritising tax cuts over investment spending, particularly in education, public transport, energy and water infrastructure.

http://www.rte.ie/news/business/2016/0301/771785-european-commission-report/

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