Jack Chambers (Dublin West, Fianna Fail)

I thank Deputy Farrell. Some €106.4 billion in gross voted funding is being provided in 2025 to deliver on Government priorities and commitments. This significant level of investment reflects the priorities of budget 2025 and this Government’s commitment to deliver continued improvements in our infrastructure and enhance our existing public services to build a stronger future. End of June expenditure figures were published earlier this month in the Fiscal Monitor. Total gross voted expenditure for the first half of the year amounted to €50.9 billion. While spending is slightly higher than expected for the first half of the year with an overspend of €0.3 billion or 0.7% compared to profiles, the overall position is broadly in line with the amount profiled by Departments to be spent by the end of June. The majority of Vote groups remain in line with profile at an overall level.

Compared with this time last year, spending is €3.8 billion or 8.2% higher than the end of June 2024 position. This level of spending demonstrates sustained high level of investment in the delivery of public services and infrastructure.

Year-on-year capital spending levels have increased substantially, with capital spending of €5.8 billion, up 22.5% or €1.1 billion. There are substantial increases in key capital spending Departments such as the Department of housing, where spending is up 36% year on year, health, which is up €0.2 billion, or 92%, and transport, which is up 20% over June 2024. Current spending of €45.1 billion has increased by €2.8 billion or 6.5% year on year. This reflects spending on budget priorities in areas such as increased social protection weekly rates, teaching posts and health sector investment. Investment in 2025 builds on the additional funding provided over recent years, which is delivering record levels of capital investment and public services to a growing and changing population. It is continuing the delivery of vital infrastructure needed to support our future economic and social progress.

See this speech in context