A Clare estate agent insists the town of Ennis won\u2019t grow without critical investment in water and wastewater infrastructure.<\/p>\n
It comes in the wake of comments from the Finance Minister, who\u2019s defended the Government\u2019s proposed 9.4 billion euro spending package for next year, following criticism from the Central Bank.<\/p>\n
The Central Bank has this week warned the Government its spending plans for budget day aren\u2019t necessary.<\/p>\n
It says the 9.4 billion euro package is \u2018too large\u2019 and may have a negative impact on the public finances down the line.<\/p>\n
The Finance Minister is defending the government\u2019s spending plans though. Minister Paschal Donohoe says he respects the bank\u2019s position, but remains confident.<\/p>\n
A Clare economist believes the Government is in a \u201cfiscal fiction\u201d position, where it continues to spend far more than it\u2019s taking in, when the \u201cmagic money\u201d arriving from multinationals is taken into account.<\/p>\n
Assistant Professor of Social Policy at UCD, Ennis man Miche\u00e1l Collins believes this money will eventually dry up, so next month\u2019s budget will have to focus on priorities.<\/p>\n
The Central Bank has also said it expects 32,500 homes to be built across the country this year, which is far below the Government\u2019s own target of 41,000 and estimates from the likes of Davy Stockbrokers of a 93,000 requirement.<\/p>\n
However, one Clare Estate Agent doesn\u2019t believe even the lower figure is achievable, given severe infrastructural deficits.<\/p>\n
Diarmuid Mc Mahon of Sherry Fitzgerald McMahon believes we may have shot ourselves in the foot as a country, when we decided against water rates, saying Irish water and sewerage is the biggest hamstring to the growth of housing in this country at the moment.<\/p>\n
He insists that neither the town of Ennis, nor anywhere else in the country can grow, if wastewater infrastructure isn\u2019t prioritised.<\/p>\n
You can listen to the full interview here:<\/p>\n","protected":false},"excerpt":{"rendered":"A Clare estate agent insists the town of Ennis won\u2019t grow without critical investment in water and wastewater…\n","protected":false},"author":2,"featured_media":31281,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-31280","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=31280"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/31281"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=31280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=31280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=31280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}