Public sector pay deal offers ‘fair’ wage growth, Donohoe says
Increased spending on infrastructure a top priority, says Minister for Finance
Minister for Finance Paschal Donohoe: pay rise of 6-7 per cent between 2018 and 2020 “offers the best way of being fair to our public servants”.The new Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, said he stood by proposals for an extension of the Lansdowne Road agreement to increase the pay of public servants by 6-7 per cent between 2018 and 2020.
Speaking to The Irish Times at his first euro-group and Ecofin meetings in Luxembourg, Mr Donohoe said: “I believe that magnitude of wage growth offers the best way of being fair to our public servants, but also navigating all the competing demands.”
He said his top priorities in office must be “infrastructure to create the social inclusion we need” and “making sure we have the right sources of investment to allow our country to deal with the particular uncertainty that Brexit will bring”.
The Minister spent much of Friday in talks at the European Investment Bank, which has lent €4 billion to Ireland over the past five years and is the largest single lender for infrastructure in the State.
“We discussed how we could strengthen that institution to deal with the consequences of Brexit,” he said. The UK holds 16.1 per cent of the EIB’s share capital, which will no longer be available after Brexit.