Oireachtas Joint and Select Committees

Thursday, 3 April 2014

Public Accounts Committee

2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management

12:20 pm

Mr. Robert Watt:

It is an interesting point. In the past, when more of the investment was funded by Structural Funds and the European Regional Development Fund, there was a regional element. There was much more emphasis on the different regions, with the Border, midlands and western region being one and the south and eastern region being another. With the capital programme there is not necessarily a clear breakdown. We are doing a review of capital priorities from now until 2020, taking in what we should spend, what should be the priority projects, etc. Perhaps as part of that we could consider if there is any sense of the regional split of the existing spend, as I do not know off-hand what it would be. It would vary over years, and some dominant projects may skew figures in a particular direction. As part of an overall review of capital priorities we could see if there could be more of a regional angle in the next five or six years.

An important task for us is to ensure public-private partnerships, commercial semi-State and Exchequer investment dovetail with the new fund's investment. There should be a consistency, and there are roles involving the Exchequer, jobs and activities. I take on board the comments.