Industrial Development
Dail Éireann — 2023-05-11
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Simon Coveney (FG), Cork South-Central

Later this month I will bring the first implementation plan for the new enterprise strategy to the Government for approval. That will focus on the kinds of things the Deputy raised, which is ensuring that our enterprise strategy delivers balance across multiple sectors, including food, agrifood, construction, the tech sector, medical devices, the pharmaceutical sector and manufacturing.
The Irish economy is probably more balanced than it has ever been in terms of the spread of employment opportunities for people. That said, we have this extraordinary revenue stream coming from corporation tax receipts. A big part of that comes from the ten largest multinationals in Ireland. While that tax revenue is very welcome and we will put it to work - we will outline how we do that in the next budget - we also need to caution against spending money that may not be consistent income in the medium to long term. That is a balancing act the Government needs to get right. The overall message is that the economy and enterprise in Ireland have never been stronger or more balanced.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-05-11/debate/main
Retrieved: 2026-08-14T04:51:53+00:00
Sitting date: 2023-05-11