Oireachtas Joint and Select Committees
Thursday, 28 February 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform
Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2013: Motion
10:30 am
Peter Mathews (Dublin South, Fine Gael) | Oireachtas source
It is an economic benefit that lasts for more than one calendar year. As such, its overall investment cost should be spread over the period of its benefits. Basically, we have the grids of all the Departments and their capital levels of expenditure. Repairs and renewals of the capital items should probably be considered as a sticking plaster to put on to capital expenditure rather than current spending as the latter refers to salaries and similar items that are current. It is a good idea, when examined closely and constructively, to approve a carryover of the unspent amounts for valid projects which are still worthy of support.
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