Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Committee on Budgetary Oversight
Stability Programme Update: Discussion
Rose Conway-Walsh (Mayo, Sinn Fein)
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I thank the Ministers for being here. It gives us a good opportunity to examine the stability programme update. Housing is the number one issue facing the country so I will seek clarity on the indicative allocation for housing. We know that €3.9 billion is allocated to the Department as a whole in 2024 and that will increase to €4.3 billion in 2026. However, a large share, approximately €1 billion, will go to water infrastructure. What will be total Exchequer expenditure for the building of social and affordable housing in 2024 out to 2027? I refer specifically to expenditure for building units, not acquisitions or any other type of delivery. Does that expenditure progressively increase over the course of the period the stability programme update covers? It was recently announced that the capital ceiling for the Department of housing in 2025 will be €180 million higher than the ceiling outlined in the NDP. How much of that additional funding will go specifically to building social and affordable housing? I am trying to get at how much will be spent on the actual building of the units, if the Minister has that information.