On Tuesday last, the government announced what has been called an unprecedented budget in size and scale. It includes €87.8 billion of spending and an estimated deficit of €20.5 billion for 2021. There is an allocation of €9.7 billion for capital expenditure. This is small relative to the overall spend but critically important in the context of a recovery from the economic effects of Covid-19.
Most of the capital allocation relates to commitments made to building...
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