Tuesday, 1 October 2019

Questions (173)

Bernard Durkan


173. Deputy Bernard J. Durkan asked the Minister for Public Expenditure and Reform the extent to which he remains assured of the ability of the economy to withstand the shock of Brexit; and if he will make a statement on the matter. [39959/19]

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Written answers (Question to Public)

The Government has always been clear that Brexit, in whatever form it takes, will have a negative economic impact on Ireland.  Since the referendum result, therefore, Brexit has been a central to the Government’s decision-making and in the management of our economic and fiscal policy. The Government has been taking steps to boost the resilience of the economy by balancing our books, reducing our debt burden, implementing an ambitious programme of capital investment, and establishing the Rainy Day Fund. 

As a result, Ireland is facing the challenge of Brexit from a position of economic strength.  The Irish economy continues to grow at a robust pace and we are close to full employment.

The Government will continue to work to strengthen the resilience of the economy, to maximise opportunities and to prepare for the challenges of Brexit, including through the Future Jobs Ireland Strategy, the Ireland Connected Trade and Investment Strategy and the 10-year National Development Plan.