No mention of Foreign Policy/Ireland in the World/Overseas Development…
“Every diplomatic office will arrange at least one significant seminar in the next twelve months to showcase the research strength of Ireland.”
“Encouraging internationalisation of our services enterprises. There is a clear potential for Irish companies to expand their operations which to date has only been realised by a relatively small number of firms. Benefits will accrue to both the firm and the economy as a whole.”
Fianna Fáil strongly supports the establishment of a Green IFSC to target environmentally-related financial services as a means of generating high value employment and revenue growth in Ireland. By establishing the ‘Green IFSC’, Ireland will position itself as leading financial services centre for the management of carbon and green finance, including the establishment of a government supported International Carbon Standard (ICS) and associated Dublin International Voluntary Offset Registry (DIVO R). This initiative will help to maintain the competitive advantage of the IFSC and has the potential to create in the next five years over 4,000 new jobs and €6 billion in revenue from this emerging sector
Budgetary System Reform
The failure of most elements of the budgetary process has been well established. It did not prove robust enough to ensure that broad issues were examined or assumptions challenged. The range of international reviews which projected continued growth prove that these failings were not unique to Ireland. However, there are important changes which must be made:
• Reform and update the existing budget system beginning in Budget 2011 taking into account the recommendations of the Joint Oireachtas Committee on Finance and the Public Service in its recent report on Macroeconomic Policy and Effective Fiscal and Economic Governance.
• There will be an extension of Performance Budgeting to identify more readily the results and impacts that are expected to be delivered with public funds.
• New Value for Money rules to spotlight performance, and to assess whether spending programmes and investment projects are delivering real benefits.
• A medium term expenditure framework with multi-annual ceilings on expenditure in each area, to ensure that public expenditure is managed within fixed, sustainable limits and to guide the planning and delivery of structural and policy reforms.
• An independent budgetary advisory Council will be established to provide independent commentary on the government’s budgetary planning.
• A general emphasis on more sustainable policy planning through a legal provision to require multi-annual planning and automatic adjustments based on revenue and growth figures.