After the Budget announcement, the focus was on one-off payments and tax measures, criticized by some and welcomed by others. However, the key change is the significant increase in capital spending over the next few years. This includes a boost in investment in human capital and utilities, particularly in the Land Development Agency and Eirgrid. The Land Development Agency is now equipped with €6.25bn to build affordable homes on public land, with potential funding coming from the sale of AIB shares. Meanwhile, Irish Water poses a challenge due to the lack of funds and the need for infrastructure investment.
Overall, the Budget shows a shift towards long-term investment in essential sectors like housing and energy. Despite challenges in funding allocation and EU regulations, the Government is prioritizing growth and sustainability. As the country moves towards renewable energy sources and increased housing development, careful financial planning will be crucial to balance various priorities and meet the needs of the population.