Government decide on €13bn Apple tax windfall & AIB shares sale cash spend in new €100bn national development plan
A newly refreshed National Development Plan will be published on Tuesday and will see the
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Coalition sources differed on the level of increased investment that will be announced with some suggesting it could be as high as €100bn while others claimed it would be €90bn.
This would see an extra €20bn to €30bn in State spending on building projects over the next 5 years.
The money is coming from the
A large part of the new injection of cash will be specifically targeted at water and energy infrastructure along with a 'once in a generation' investment in housing projects around the country.
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The plan will also include cash commitments to major transport and health projects.
The NDP will also include commitments to build more schools, special education schools and State-run childcare centres.
The extra investment is coming from the €13bn Apple tax and the billions of euro the Government has taken in from the sale of AIB shares over recent years.
Public Expenditure Minister
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Government leaders will hold one final meeting over the weekend to finalise the National Development Plan funds before it is announced on Tuesday.
Minister Chambers has encouraged Government leaders to agree bumper investment in key capital projects as a way to help protect against the economic shock of
The
Any such tariffs would result in retaliatory taxes from the EU on American goods and would devastate the
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Minister Chambers believes that the best way to protect the Irish economy from a trade shock is to create thousands of jobs in State building projects around the country through direct exchequer funding.
Improving Ireland's water, energy and housing infrastructure will also help make the country a more attractive option for international businesses to invest in and create jobs here.
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Public Expenditure Minister Jack Chambers has spent the past few months negotiating with key ministers
Credit: Brian Lawless/PA Wire
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