Marie Sherlock (Labour) | Oireachtas source

I am conscious that there has already been a discussion on corporation tax revenues and the need for greater capital investment. I do not intend to replay it. One thing I would like Mr. Barnes to clarify is the role of depreciation. I heard what he said about us having record levels of investment now. Regarding net investment levels, however, I was struck by the research IFAC carried out some years ago highlighting the significant catch-up and the high depreciation in this regard. As a share of overall investment now, what value is being assigned to depreciation? I ask this because many of us would believe catch-up required in this context is still significant.