Dáil debates

Wednesday, 6 July 2016

Other Questions

Government Expenditure

1:55 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The additional capital expenditure that the Minister for Finance and myself announced is precisely in recognition of the additional investment needs our economy has. The figures we outlined in the summer economic statement were very clear. We indicated that €5 billion worth of additional funding would be made available for capital investment, which is €1 billion more than we had originally indicated before the economic statement was announced. That is an increase of 18.5% on the previous Exchequer-funded capital investment programme. Across the period, if and when we can deliver that additional investment, capital investment as a percentage of national income will increase from 3.2% to 3.7% by 2021.

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