Budget to include €3bn boost for infrastructure including housing, Chambers says

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Budget to include €3bn boost for infrastructure including housing, Chambers says
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Better water and energy services will also be paid for out of this allocation, Minister for Finance says in interview with The Irish Times

Better water and energy services will also be paid for out of this pot, Minister for Finance says in interview with The Irish Times

Details will be announced on budget day, Mr Chambers told The Irish Times, but the money is expected to be sourced from the. It is held by the State’s investment managers and funded by the proceeds of bank shareholdings acquired when the State rescued Irish banks in the financial crash.James ‘Jaws’ Byrne: Fixer, fear merchant, father

Mr Chambers said proposals to ease restrictions on State aid to promote strategic sectors “essentially gives France and Germany a competitive advantage”, adding that the Government would argue against it. “If we have a windfall we should use it to execute plans that are already in place or plans that will make us more competitive,” said one industry figure, promising there would be “more urgency” in how this message is delivered in the wake of the Apple ruling.

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