Skyscraper plan ‘more Shanghai than Dublin’
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well they are borrowing 8.2bn this year for capital expenditure, and whether government wants to or not, they will have to continue to borrow at least 8bn per annum to invest in infrastructure as it is one of few remaining crutches propping up the economy, they just can’t turn off the tap, a gradual decline in that level of investment is the only way government can proceed.
All of which actually makes it more likely that other major projects like metro north & (please god) the interconnector will go ahead once the motorway network is completed in 2010 and a significant chunk of that 8bn is released.
thanks for the info Rory, thought as much.
Umm, well thats what im talking about… I agree, im all for capital spending/borrowing, hence my dismay at the cancellation of newlandsX. Im saying they shouldnt keep borrowing loads to pay for dead weight which can be found all over the public service. Borrowing for current needs – bad, capital – shiny and good.
Then they go and buck the european trend and raise VAT to kick the consumer in the stomach.
@ihateawake wrote:
Borrowing for current needs – bad, capital – shiny and good.
no dispute there 😉
i presume it will proceed in 2010.
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