The National Competitiveness and Productivity Council

We analyse developments and policies in the field of productivity and competitiveness in Ireland

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26 September 2024

Budget 2025 and Competitiveness: Investing in Ireland’s Future Prosperity

Whilst it is inevitable that a given Budget will be characterised by a focus on immediate priorities, it also plays a significant role in shaping our broader fiscal approach, and so the objective of this paper is to specifically highlight those recommendations from this year’s Ireland's Competitiveness Challenge report that are most pertinent to Budget 2025.

Pre-Budget Outlook
Pre Budget Outlook 2025

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NCPC Competitiveness and Productivity Framework

As concepts, competitiveness and productivity overlap and interlink in a variety of ways, and this framework speaks to the strong intersection of both. Productivity and competitiveness are depicted as two mutually-reinforcing concepts. The arrows in the inner circle visually capture this interconnected relationship. These two concepts overlap and interlink with each other through the drivers that determine them in achieving the overarching goal of sustainable growth and wellbeing. The main drivers included in the NCPC's framework are Business Environment, Macroeconomic Sustainability, International Environment, Technology and Innovation, Education and Skills, and Infrastructure.

Read More about the Framework
NCPC Competitiveness and Productivity Framework