Government approves response to annual recommendations of the National Competitiveness and Productivity Council
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
The Cabinet has agreed the government’s response to the National Competitiveness and Productivity Council report, Ireland’s Competitiveness Challenge 2023.
The 2023 Competitiveness Challenge report published in September is the Council’s annual flagship policy report on significant competitiveness issues facing the Irish economy, and recommends policy actions to improve Ireland’s competitive position. The government responds formally to the recommendations each year.
Taoiseach Leo Varadkar said:
“Our advisers on the Council have written a really useful report which looks at the big issues facing Irish people, Irish businesses, and the Irish economy, and what the government can do about it. These include the speed at which we’re building new homes, persuading more people to go on to third level education, getting more green energy from our environment, and how to help businesses to find the staff they need when almost everyone already has a job. Today we’re setting out how we will deal with these big issues as a government.
“Ireland always punches above its weight in the world economy, but we are also vulnerable to big shocks from elsewhere, whether that’s an economic slowdown, climate change, war in Ukraine, or a pandemic. So Ireland needs to be nimble and quick-footed in its response to these major crises. This report from the Council will help us to do that.”
Some of the Actions outlined by the government in response to the council’s recommendations include:
This year’s Competitiveness Challenge report from the National Competitiveness and Productivity Council is framed by the ongoing inflation and cost of living challenges brought about by developments in global energy markets following the Russian invasion of Ukraine, as well as legacy issues related, amongst others, to COVID-19 and Brexit. In its report the Council identified both immediate competitiveness issues for consideration by Government, as well as four medium-term strategic challenges to Ireland’s competitiveness and productivity performance.
These four medium-term strategic areas are to:
In total a set of 19 actions were highlighted by the Council.
Please read the government’s response to the NCPC report attached.