Seamus Coffey
speaker
117 appearances
1 recordings
1 series
first heard Jul 2026
last heard 17 Jul
Seamus Coffey’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Like we do recognise perhaps a need to do this, but you're doing it at the time when the economy is performing well.
So there's demand within the private sector for construction workers, there's demand within the business sector for construction workers.
And if the government is adding demand for construction workers for projects it's trying to undertake, that can in a sense just drive up the prices.
But it is hard to overcome that.
We want...
to improve our infrastructure and our our capital assets our housing transport etc and simply saying we'll wait until the economy slows down might not necessarily be the best approach but the key would be to prioritize that we don't try to do everything that maybe you take some of the heat or steam out of the economy by not having such strong increases in current spending that should be seen in recent years and perhaps not offering significant um changes in tax
to further drive up demand in the economy, that if these capital projects are to be the priority, well then let's make them the priority.
Yeah, so I think what we're looking at there is just the current strong position of the Irish economy.
So I think there should be recognition that the economy has come through a huge number of shocks in recent years.
It can go through them all for the last decade or so.
And the economy has shown remarkable resilience to come through them and actually grow through them.
With the increase in employment, we're seeing wages growing.
Wages are now growing faster than inflation.
So the point being made there by the government is that the economy as a whole...
doesn't need fiscal stimulus.
It doesn't need the government pumping money into it, further increasing demand because the private sector is expanding.
The private sector is spending both on the current and the capital side.
And that is driving up demand with the potential for that to feed into higher inflation.
So the economy doesn't need fiscal stimulus.
And one thing that we can look at that the public finances is that there's these huge corporation tax revenues coming in.
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