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Investment


The Government’s Stability Programme Update raises major challenges for Ireland on debt, infrastructure, taxation and services.  Social Justice Ireland believes a new approach is required if these challenges are to be addressed effectively.


Ireland has faced challenges in meeting life long learning and skills targets, and although improvements have been made, the impact of the pandemic threatens to undo this progress.  A well-resourced, accessible and quality lifelong learning and skills framework is a must if we are to recover from the impacts of COVID-19 and meet the challenges of a digital and green transition.

'Building a New Social Contract – Policy Recommendations’ contains more than eighty specific policy recommendations that would go a considerable direction towards a new social contract to improve the quality of life and wellbeing of everyone and ensure that a no-one is left behind as our economy and society recovers from the impact of Covid-19.


There is an urgent need for ambitious, cohesive and transformative economic policies and for Europe’s need to face challenges collectively, and in solidarity. But Europe must do more. The upcoming challenges are daunting: not just the ecological and economic failure brought on by the coronavirus pandemic and the risk of a debt-deflationary downward economic spiral,  but also the economic divergences that have led to the rise of anti-Europe sentiment, nationalism and populism; and the grave, even terrifying ecological risks that transcend borders.  


Social fairness and solidarity are more important than ever in the European Union if it is to meet the challenges of demographic ageing, climate change and digitalisation and deal with the aftermath of Covid-19.  This is according to the latest 'Employment and Social Developments in Europe Report ‘Fairness and Solidarity in the European Social Market Economy’. 

Budget 2021 must be judged by the degree to which it protects people from poverty, equips people and businesses to confront Covid-19 and Brexit, and addresses the climate and environmental crisis. The challenge for Government is to use the fiscal space available to introduce the necessary measures to support incomes and underpin the public health measures to save lives, preserve our economic capacity and prepare for the impact of a no-deal Brexit.  Its response to this challenge in Budget 2021 has been mixed.

The National Economic Plan - to be published on Budget day - must give equal weight to environmental, social and economic considerations. Otherwise, this Government will simply repeat the mistakes of the past and many will be left behind.  The National Economic Plan must be underpinned by a new social contract that treats our environment, society and economy equally


The jobs crisis precipitated by the Covid-19 health crisis looks set to be felt for years to come, with a recovery not expected until after 2021.  There is a real danger that this jobs crisis will lead to an increase in poverty and exacerbate existing inequalities.  The plan for Resilience and Recovery, the National Economic Plan and Budget 2021 must ensure that the jobs crisis we currently face does not turn into a social crisis. 


The CSO has just published ‘Ireland's UN SDGs 2019 - Report on Indicators for Goal 4 Quality Education’.  The CSO report monitors how Ireland is progressing towards meeting its targets under the 17 UN Sustainable Development Goals (SDGs).  It examines three key areas, Childhood Education, Adult Education and Education Infrastructure.

One of the objectives of Budget 2021 must be to support demand through Government capital expenditure.  In order to support investment and recovery, it is important that this capital spending is sustainable.  

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