Harnessing Abundance, Budget Submission 2024
Despite growing affluence, there is a strong sense society is not feeling the benefits. These threats to the social contract all stem from a common root; a failure to plan for growth by building capacity has left the economy run into limiting constraints.
In Budget 2024 Ibec is calling for Government to use a significant portion of record tax revenues to establish a new National Infrastructure Fund to take today’s good fortune and fund an expansion of the public infrastructure ambition of €30 billion over the next decade and more, as we develop our capacity to take projects on.
This is in addition to a suite of measures to build state capacity to deliver, prepare the economy for trends in technology, net-zero and skills and measures.
Budget 2024 should make economic growth work for all.
Download our full submission below.
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Gerard Brady is the Chief Economist at Ibec. His role involves regular analysis of economic issues for a business audience, shaping Ibec's economic, tax and fiscal policy positions and advising companies and sectoral organisations. He is a current member on the National Economic and Social Council (NESC) and the National Statistics Board. He also represents Irish business in a number of international economic and tax fora such as Business at the OECD (BIAC) and BusinessEurope. Prior to joining Ibec in 2013, Gerard worked as a Lecturer in Economics in University College Cork. He is a previous winner of the Miriam Hederman O’Brien prize awarded by the Foundation for Fiscal Studies.
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