Govt set to sign off on €100 billion revised National Development Plan
The blueprint for infrastructure spending will be announced tomorrow along with the Summer Economic Statement.
Housing, transport, energy and water services will be funded from the new National Development Plan.
Public Expenditure Minister Jack Chambers has said it will amount to €100 billion from 2026 to 2030, along with the promise of another €100 billion for the following five years.
The aim is to address shortfalls in services and utilities while also shoring up Ireland's competitiveness.
Tánaiste Simon Harris has said the new plan will signal a stepchange in infrastructure investment.
Headline figures will be announced tomorrow with the allocations for departments and utilities set out.
But the full list of projects will not be confirmed for several months.
Mr Harris said: "I think it's important that people are aware that the backdrop against which the Summer Economic Statement will be published this year will be very very different from previous years.
"We are endeavouring to put together a set of economic projections at a time of huge global uncertainty.
"So, it is going to be necessary to be prudent in the figures we publish and to make decisions in the weeks and months ahead that have a real focus on protecting jobs and investment and keeping our country safe during what could be an economically turbulent period ahead."
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RTÉ News
an hour ago
- RTÉ News
Government's NDP is 'fantasy economics', says O'Callaghan
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Irish Times
3 hours ago
- Irish Times
Big spending package advanced despite warnings on numbers becoming tighter
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Irish Times
4 hours ago
- Irish Times
Eager Ministers line up for their spending money as Coalition announces National Development Plan
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That's peanuts now. At the time, Micheál had to deny claims that the Government merely came up with a 'wish list' of things to do rather than a 'to-do list' of things that would most likely be done. The 2021 version was roundly criticised for having too much detail. The 2025 edition is being roundly criticised for having very little detail. 'It was too long. The last NDP was too big a document, to be quite frank,' shrugged Micheál at the launch of this shrinkflation declaration. It's a very slim volume – nearly a quarter of the size of what went before. If the last one ran to almost 200 pages, the revised NDP runs to 46 pages, 11 of which are devoted to the names of chapters. Jack Chambers of Commerce, the Minister for Public Expenditure, gets a full page for his foreword and the 'three leaders' get another page for their foreword. 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