For budget ministers Paschal Donohoe and Michael McGrath, ramping up capital spending in budget 2021 is a no-brainer.  The ministers committed to investing €10.1 billion in capital projects this year. In absolute terms, it’s the biggest capital spending commitment ever (though as a proportion of total spending, capital spending was higher in 2008 and 2009).  Going big on capital spending ticks a lot of boxes for the budget ministers. It gets people working and it gets houses built. And thanks to generous bond market investors, it’s pretty cheap to finance.  A new Cork, every five years Ireland’s infrastructure is below…

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