July 14th, 2017
Green Party leader Eamon Ryan, expressed concern yesterday that the Summer Economic Statement makes no mention of the environmental challenges which Ireland faces. Deputy Ryan went on to criticise the focus on ‘abstract economic growth figures’ stating that they were not linked to ‘real improvements in the quality of our lives’.
The failure of the statement to address environmental challenges in addition to its failure of to link economic growth targets to improved quality of life measures equates to a lack of strategic vision according to the Green Party leader.
The Summer Economic Statement (SES) is a 38-page document published by The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe T.D. on July 11, 2017.
The statement (SES) is an integral part of the reformed budgetary process that facilitates a discussion of the options in advance of the annual Budget to be held in October. The purpose of the statement is to set out the key elements of the Government’s economic strategy.
It is disappointing that the task of meeting Ireland’s climate-change obligations does not figure prominently within this statement. Indeed, the document’s mention of sustainable development relates only to sustainable economic growth. While improved economic circumstances are certainly desirable, the government has also made commitments to ensuring environmental sustainability.
Indeed, the document’s mention of sustainable development relates only to sustainable economic growth. While improved economic circumstances are certainly desirable, the government has also made clear commitments to ensuring environmental sustainability.
Furthermore, Eamon Ryan expressed disappointment that the opportunities becoming available to the Irish economy, such as adopting the digital, clean-energy and transportation revolutions, were also absent from the statement.
Abstract economic growth figures cannot be the only measure of success, there are both challenges and opportunities which will need to be addressed before the budget next October.