Plans seek to right 'imbalance' between savings and investments, committee told 

spending increases will be weighted towards capital expenditure, with investment under the NDP set to average 5% of national income

Simon Harris and public expenditure Minister Jack Chambers were before the Oireachtas Budgetary Oversight Committee on Tuesday to discuss the recently-approved medium-term fiscal plan. File picture: Sam Boal/Collins

Plans for a savings and investment account seek to "address the imbalance" of high levels of Irish savings but low investments, the Tánaiste has said.

Simon Harris and public expenditure Minister Jack Chambers were before the Oireachtas Budgetary Oversight Committee on Tuesday to discuss the recently-approved medium-term fiscal plan.