Oireachtas Joint and Select Committees
Thursday, 14 July 2022
Committee on Budgetary Oversight
Summer Economic Statement 2022: Discussion
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
It is too early to say but, in the year to date, gross capital expenditure in the Department is €153 million below profile. That is almost 22% below profile, reflecting the fewer than anticipated claims received due to various issues that impact on delivery and getting schemes off the ground. We are only halfway through the year and the Department may well catch up. That remains to be seen. There is a situation where the profiles are back-ended significantly towards later in the year. It may well be the case that there will be a carryover into next year. My expectation is that there will be a carryover, but we will remain in close contact with the Department of Housing, Local Government and Heritage, which expects that it will have sufficient funding from the central Exchequer to deliver the NDP.
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