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Summer Economic Statement Signals Prudent Long-Term Thinking by Government Capital Spending Commitments Important for Economic Growth

12/7/2017

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​Chambers Ireland today (12 July 2017)welcomed the announcement by Minister Donohoe in the Summer Economic Statement of increased capital expenditure to meet the needs of a growing economy and society.
 
Ian Talbot, Chief Executive of Chambers Ireland commenting on the statement said, “The financial figures announced by the Minister of Finance today are as expected. With a limited amount of fiscal space available in Budget 2018 we welcome the Government’s approach to focusing on planning investment in the long-term. Expectations of a balanced budget in 2018, along with the projected healthy growth rates for the economy, means that Government will have more options for balancing prudence with investment and spending in coming years. Commitment to capital spending is key for business and we urge Government to invest in projects that align with the ambition of the evolving spatial strategy, the National Planning Framework.
 
“As part of our Pre Budget Submission 2018 we called for a review of our taxation system, particularly the entry point to the higher rate of tax, with a multi-annual plan for reform implemented over several budgetary cycles. We welcome the Government’s commitment in the Summer Economic Statement to reforming the tax system to ensure it is growth-friendly and we call for a medium and long-term roadmap for reform to be undertaken.
 
“This commitment to investment in infrastructure demonstrates again that Ireland is open for business and we look forward to continued economic growth into the future."

 
For further information contact Susan McDermott, Chambers Ireland on 01 400 4319, 086 6081605 or email susan.mcdermott@chambers.ie
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County Tipperary Chamber of commerce

Questum Acceleration Centre,
Ballingarranne Science & Technology Park, Clonmel, Co. Tipperary,
E91 V239

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Clonmel Chamber Of Commerce CLG t/a County Tipperary Chamber Of Commerce - Registered business-110743
​REGISTERED BUSINESS ADDRESS: Questum Acceleration Centre, Clonmel, Co. Tipperary, E91 V329
Copyright © 2016 - County Tipperary Chamber
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  • Home
  • Who We Are
    • History
    • Meet Our Board
    • Our Mission Statement
    • About Clonmel
  • News
    • 2017 Business Awards Nominees >
      • County Tipperary Business Awards Launch Photos
      • Award Nominee - ABP
      • Award Nominee - Acorn Regulatory
      • Award Nominee - Bourke Sports
      • Award Nominee - Brodeen Engineering
      • Award Nominee - CAMIDA
      • Award Nominee - Cashel Blue Cheese
      • Award Nominee - Clancy Construction
      • Award Nominee - Crocanoir
      • Award Nominee - Danny Ryan Music Shop
      • Award Nominee - Duggan Veterinary
      • Award Nominee - EMTS Training Solutions
      • Award Nominee - Fethard Horse Experience
      • Award Nominee - Forget me Not
      • Award Nominee - Home Instead Senior Care
      • Award Nominee - Horan Automation
      • Award Nominee - Inspire Me
      • Award Nominee - Jennys Kitchen
      • Award Nominee - Longways Cider
      • Award Nominee - MORRISON BMW
      • Award Nominee - OEE Systems
      • Award Nominee - Surecom
      • Award Nominee - Tadgh O'Flynn Jewellers
      • Award Nominee - THE COTTAGE LOUGHMORE
      • Award Nominee - The Fayre
      • Award Nominee - Tipperary Boutique Distillery
      • Award Nominee - Tipperary Racecourse
    • Read Our Newsletter
    • Sponsor Our Newsletter
    • Gallery
    • Chamber Video
  • International Trade
    • Brexit and Certs of Origin- Chamber Update
    • Brexit Loan Scheme
  • Chamber Members
  • Events
    • Chamber Events
    • County Tipperary Skillnet Courses
  • Blog
  • Contact