The Irish government will spend more than €2.25 billion ($2.76 billion) on new infrastructure projects and to restart existing road, school and health care construction projects to create as many as 13,000 jobs without hiking debt, government officials said on Tuesday.
The new spending is not expected to exacerbate government debt, Michael Noonan, Ireland's finance minister said. The €2.25 billion package will include funds of €2 billion ($2.45 billion) from the National Asset management Agency to overhaul its roads and properties.
The package contains €280 million for 12 new or replacement schools, mainly post-primary, the BBC reported. Also, the government will spend €115 million for around 20 primary care centers in the island nation.