Oireachtas Joint and Select Committees
Wednesday, 31 May 2017
Joint Oireachtas Committee on Transport, Tourism and Sport
Implications of Brexit for Transport, Tourism and Sport: Discussion
9:00 am
Patrick O'Donovan (Limerick County, Fine Gael) | Oireachtas source
As I said to Deputy Troy, the marketing fund went from a pre-recession high of €55 million down to €36 million. I do not have the capital figures with me but I can get them for the Deputy. The overall capital ceiling has been lifted to €150 million, as per the Act. That is not a limit but is required by legislation to make sure that none of us goes mad and starts doing things that the country cannot afford. Once that level is reached, we will require further amending legislation which we can introduce. I will ask the relevant departmental officials to provide the Deputy with the most up-to-date capital and current expenditure figures for 2016 and 2017.
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