Oireachtas Joint and Select Committees

Thursday, 15 July 2021

Committee on Budgetary Oversight

Summer Economic Statement: Minister for Finance and Minister for Public Expenditure and Reform

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The breakdown of that will be made available when we publish the NDP. If the Deputy looks at total capital for 2021, to take him through it, it was almost €9.8 billion in core terms. There is approximately €300 million of Covid-related capital in the current year as well, but we are essentially increasing the underlying core capital provision from €9.8 billion to €10.9 billion. Then you have the additional national recovery and resilience plan, NRRP, capital element of approximately €200 million. That is what gives you the €11.1 billion. The precise breakdown of that will be published in the context of the NDP and is subject to Government decision. We have been working intensively with the Minister for Housing, Local Government and Heritage, Deputy O'Brien, on the funding necessary for Housing for All. There is now agreement in place and I would expect that will enable the Minister, Deputy O'Brien to bring the final proposals on the new housing strategy to Government shortly.


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