Projected €65bn surplus should be used to create shock-proof fund for public projects – Tánaiste

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Projected €65bn surplus should be used to create shock-proof fund for public projects – Tánaiste
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In an interview with The Irish Times, Micheál Martin vows to continue leading Fianna Fáil after poll showed positive indicators

“People want investment in services and infrastructure. What I would like to see is that we future-proof infrastructure objectives against the economic cycle. I would have been in government before where we would have had ambitious plans for various projects, for example, the Metro, then the crash came and capital gets cut first when revenues go down.

“What is happening is the population is growing, and has grown, very significantly. That puts huge pressure on public services. And that’s why the poll is, I think, reflecting that sort of perspective.” “There is real pressure on those who have mortgages. And there’s two sides to this story. On one hand, we do need to get inflation down. Ultimately, it’s in everyone’s interest to get inflation down so I understand what the ECB is doing. On the other hand, many people have had [increases of] multiples in terms of their mortgage, and there may be a further increase.

Mr Martin held a series of bilateral meetings with the Scottish and Welsh governments at the British Irish Council, as well as the Secretary of State for Northern Ireland, Chris Heaton-Harris.

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