ESRI report on housing borrowing slammed as ‘detached from reality’ by Finance officals

Research which suggested state could borrow up to €7 billion a year sparked scathing response

31st October, 2021
ESRI report on housing borrowing slammed as ‘detached from reality’ by Finance officals
Kieran McQuinn, a research professor at the ESRI, recommended that the state had the capacity to “prudently” borrow up to €7 billion a year to provide extra funding to build thousands of additional social homes. Picture: RollingNews.ie

An ESRI report that said the state could prudently borrow billions for social housing was described as “not helpful” and branded as “detached from reality” by senior civil servants in the Department of Finance, the Business Post can reveal.

In June, a paper published by Kieran McQuinn, a research professor at the ESRI, recommended that the state had the capacity to “prudently” borrow up to €7 billion a year...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Reports Allianz has paused investment in Irish housing market are ‘misleading’

Less than 3% of country’s derelict sites acquired by councils in 2020

‘No justification’ to make building industry pay €800m towards mica scheme

Michael Brennan: €2.2 billion mica scheme a significant commitment from the state